Subject:
Title
Public Hearing on FY 2019-20 Proposed Budget
Body
EXPLANATION AND SUMMARY:
The Town Manager's Proposed Budget for Fiscal Year 2019-20 has been presented to the Mayor, Town Council, and residents. The proposed budget was reviewed by Town Council during work sessions on March 16 and 18. A final work session will be held April 22 to discuss funding currently unfunded priorities. This public hearing is held so that Town of Vienna residents may provide public input.
The Proposed Fiscal Year 2019-20 Town of Vienna Budget totals $41,153,380 for the fiscal year beginning July 1, 2019 and ending June 30, 2020, and is broken down as follows:
• $26,725,030 for General Fund expenditures
• $9,233,080 for Water and Sewer Fund expenditures
• $4,665,270 for Debt Service Fund expenditures
• $530,000 for Stormwater Fund expenditures
The proposed budget is based upon a real estate tax rate of $0.2250 per $100 valuation; bank net capital at $0.80 per $100 valuation, and utility tax for residential uses at a rate of 20% of the first $15 and for commercial uses at a rate of 15% of the first $300.
Departmental Recommendation: The Finance Department recommends a public hearing to allow Town of Vienna residents to comment on the FY 2019-20 proposed budget.
Finance Recommendation: The Finance Department recommends a public hearing to allow Town of Vienna residents to comment on the FY 2019-20 proposed budget.
Purchasing Recommendation: N/A
Town Attorney Recommendation: Town Council must conduct a public hearing prior to adoption of the budget.
Town Manager's Recommendation: I recommend the Town Council close the public hearing and direct the Town Clerk to advertise a Notice of Intent to Adopt the Fiscal Year 2019-2020 Budget at the May 13, 2019 Town Council meeting as presented.
Cost and Financing: $41,153,380
Account Number: various
Decision Needed by This date: April 8, 2019
PROPOSED/SUGGESTED MOTION
Recommended Action
"I move to close the public hearing."
And
“I further move that the Town Clerk be directed to advertise a Notice of Intent to Adopt the Fiscal Year 2019-20 Budget at the May 13, 2019 Council meeting, following Town Council’s consideration of the real estate tax rate.”
Or
Other action deemed necessary by Council.