The development of the City's budget for the 2014/15 fiscal year will kick-off in January in order to allow for early community input. We’d like to hear from the community what the highest priorities and main considerations should be in developing the spending plan for the year starting on July 1, 2014.
The City’s current year budget is just over $127.5 million. Nearly $59 million of the total budget is the City’s General Fund which provides for public safety, parks and recreation, public works operations, and other important services. General Fund expenditures are allocated as illustrated in the attachment.
The majority of the balance of the total budget is slated for capital improvements of nearly $27 million including carry-over projects from prior years, debt service, or restricted for services like water operations or transportation.
The City expects to see continued improvement in our main revenue streams as we slowly emerge from the impacts of the Great Recession. While revenues are anticipated to exceed increasing costs, there are many competing priorities in our community.
You are invited to share your ideas as the budget for 2014/15 is in its initial development phase.