Coral Springs will hold its first 2010 budget hearing on Monday, September 14 at 6:30 p.m. in the Commission Chambers at City Hall, 9551 West Sample Road. The hearing also will be televised on CityTV Channel 25 on Advanced Cable Communications and Channel 99 on AT&T’s U-Verse.
The purpose of this meeting is to review the City’s Fiscal Year 2010 budget. At the City’s Business Plan workshop held on July 28, the City Manager presented a financial strategy focused on combating the effects of the global recession while maintaining current service levels and ensuring the community’s continued long-term financial stability.
The City’s strategy for the next fiscal year centers on a three-pronged approach to cutting a $10.5 million deficit while still maintaining high-quality service delivery. The strategy includes a one-year wage freeze for all City employees; judicious use of $14.5 million from unrestricted reserve funds during the next three years; and adoption of a portion of the property tax rolled-back rate pursuant to State Statutes.
This budget hearing is an important part of the City’s budget process. A second budget hearing is tentatively scheduled for Monday, September 21 at 6:30 p.m. in the Commission Chambers at City Hall. The adopted millage and assessment rates will be confirmed at this time.
To view the City’s adopted Fiscal Year 2009 Business Plan, visit www.coralsprings.org/publications.