By Melanie Patterson
North Jefferson News
Financially speaking, the Promenade Shopping Center is still serving the city of Fultondale well.
The city’s projected budget for 2013 is almost $12 million, with 75 percent of the sales and lodging taxes coming from the shopping center, according to finance chairman Joe Bolton. The shopping center was completed in 2009.
Dropping slightly from last year is the city’s municipal reserves, falling from $4.5 million to $4 million. Bolton said the decrease is due to storm cleanup following the tornado that devastated much of Fultondale in April 2011.
Those figures and other information were provided to the public Friday at Fultondale Mayor Jim Lowery’s annual State of the City address at City Hall. It was one of three times that the mayor will give his address; he did so Monday for city employees, and will speak again at the Fultondale Senior Center at a time still to be determined.
In addition to financial matters, Lowery gave an overview of all city departments an on economic development. He said there were five ribbon cuttings last year for new businesses, in addition to four groundbreaking ceremonies.
The city generated more than $76,000 in building permits in 2012, and more than $834,000 overall in economic development revenue.
The city is also growing residentially. According to the 2010 census, the population of Fultondale was 8,387, up from almost 6,600 in 2000.
Lowery said there is more to come in the next few years. Among his goals for the future is continuation of the city’s “urban revitalization” project, the goal of which is to bring more business to the city’s two main corridors — Decatur Highway and Walker Chapel Road.
Also, the city will open a new library in upcoming months, renovate the existing library, open a new Boy Scout facility, install traffic lights at Interstate 65 and Walker Chapel Road, keep working to get a middle school, develop commercial land west of Interstate 65, and more.