Fiscal Year 2018 Budget

The Fiscal Year 2018 (FY18) budget represents the City's operating plan for the fiscal year beginning July 1, 2017 and ending June 30, 2018.

Overview

 

• A Citizen's Guide to the City Budget, Spring 2017 Connection, p. 2-5 (PDF)
• FY2018 Budget video

Property Taxes

The proposed budget maintains the property tax levy rate of $13.5277 per $1,000 of taxable valuation.

• The City's property tax remains the same for the eighth consecutive year.
• Property tax is the single largest source of revenue for the City's General Fund.

General Fund

The General Fund budget is $22,933,111.

• Expected revenues and proposed expenditures are equal.
• The General Fund budget maintains a fund balance of approximately $5.7 million (25% of the budgeted expenditures for FY18). 
• The General Fund has $2.5 million in unrestricted reserves for equipment replacement and future capital purchases.

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