On Monday, September 13, the City Commission unanimously passed the budget for Fiscal Year 2011 on first reading. The budget, which supports next year’s adopted Business Plan and allows the City to maintain service levels, was developed with input from City boards and committees and was resoundingly endorsed by the Financial Advisory committee.
The 2011 budget is based on a continuation of the financial strategy enacted by the City during Fiscal Year 2010. The new budget includes additional expenditure cuts, including a continuation of the wage freeze for Senior Management. As a measure of last resort, the strategy will once again include adoption of the property tax rolled-back rate, which enables the City to receive nearly the same property tax revenue in Fiscal Year 2011 as it received in 2010.
"When looking at our millage, debt service, fire assessment and solid waste assessment, we will tout in these tough economic times that we remain the greatest value in the county. And we have the highest productivity per employee. This is something we can promote to bring and keep residents and businesses here,” Mayor Scott Brook said.
The City will also hold a Public Budget Forum on Monday, September 20 at 5:30 p.m. at the Northwest Regional Library.
Residents will have an opportunity to review the City’s Fiscal Year 2011 budget, which focuses on combating the effects of the global recession while maintaining current service levels and ensuring the community’s continued long-term financial stability.
The forum will be held in the Multipurpose Room in the Library, located at 3151 N. University Drive, just south of Sample Road.
A second budget hearing and second reading is scheduled for Tuesday, September 21 at 5:15 p.m. in the Commission Chambers at City Hall. The adopted millage and assessment rates will be confirmed at this time.