Subject:
Title
FY 2015-2016 Proposed Budget Work Session
Body
BACKGROUND SUMMARY: This is the third (optional) budget Work Session that is set for Council to review and discuss the upcoming year's Town Manager's Proposed Budget. The Town's Proposed Budget for Fiscal Year 2015-2016 has been provided to the Mayor and Council and publicized on the Town's website. Two Work Sessions on March 21st and March 23rd have been held at which Council has gone department by department in review. This Work Session is to finish any unfinished review as well as cover the Town's Unmet Needs.
OVERVIEW: This, the third, budget Work Session will be utilized by Town Council for any unfinished review and discussion of the Fiscal Year 2015-2016 Proposed Budget.
SUMMARY/STAFF IMPRESSIONS: The Town Manager's Proposed Budget for Fiscal Year 2015-2016 is a balanced budget. In the General Fund the real estate tax rate remains constant. The Debt Service fund continues to receive the dedicated meals tax balancing the debt payments for capital projects. The Water and Sewer fund and Stormwater Fund are balanced with no increase to the water and sewer rates.
RECOMMENDATION:
Finance recommends review and discussion of the Town Manager's FY 15-16 Proposed Budget.