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Current Budget

Fiscal Year 2019 Budget

The Fiscal Year 2019 (FY19) budget represents the City's operating plan for the fiscal year beginning July 1, 2018 and ending June 30, 2019.

Overview

A Citizen's Guide to the City Budget, Spring 2018 Connection, p. 14-17 (PDF)
FY2019 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 ninth consecutive year.
Property tax is the single largest source of revenue for the City's General Fund.

General Fund

The General Fund budget is $27,484,029.

Expected revenues and proposed expenditures are equal.
The General Fund budget maintains a fund balance of approximately $6.8 million (25% of the budgeted expenditures for FY19).
The General Fund has $2.5 million in unrestricted reserves for equipment replacement and future capital purchases.

Rate Changes

The Fiscal Year 2019 budget includes:

Sewer rate increase (allows the City to continue to build resources for a significant planned sewer treatment plant project)