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City Publishes Draft FY19 Budget

The proposed FY2019 City budget has been posted on City’s website today. Here is the link.

The budget does not propose any hike in our property taxes.

Based on the latest projections, it is anticipated that revenues will exceed expenditures by almost $1.1
million by the end of FY2018. This is primarily a result of conservative budgetary methods and careful
spending. This $1.1 million surplus will increase total fund balance in the General Fund to $11.3 million as of
June 30, 2018.

Please see the breakdowns of sources of revenues and expenditure in this fiscal year. Also, please see the major ongoing and future capital projects.

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