Coral Springs will hold its first 2009 budget hearing on Friday, September 12 at 5:15 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.
The purpose of this meeting is to review the City’s Fiscal Year 2009 budget. At the City’s first Business Plan workshop held on July 1, the City Manager presented a financial strategy for combating the challenges of property tax reform, economic recession and inflation, which is reflected in the proposed budget.
Despite the severe economic climate, the City is able to balance the Fiscal Year 2009 budget without a tax increase. “Our residents will actually enjoy significant savings,” said City Manager Michael S. Levinson.
Sound financial management allowed the City to plan for both phases of tax reform last year and cushion an economic blow that has taken a toll on cities throughout South Florida.
This budget hearing is an important part of the City’s budget process. A second budget hearing is scheduled for Tuesday, September 15 at 5:15 p.m. in the Commission Chambers at City Hall. The adopted millage and assessment rates will be confirmed at this time. A City Commission meeting will follow at 6:30 PM.
Visit coralsprings.org/publications to view the City’s proposed Fiscal Year 2008 Business Plan.