Subject:
Title
Public Hearing on FY 2016-2017 Proposed Budget.
Body
EXPLANATION AND SUMMARY:
The Town Manager's Proposed Budget for Fiscal Year 2016-2017 has been presented to the Mayor, Town Council, and residents. The Proposed Budget has been reviewed by Town Council during Work Sessions on March 14 and March 19. This April 4 public hearing is held so that Town of Vienna residents may provide public input.
The Proposed Fiscal Year 2016-17 Town of Vienna Budget totals $33,787,590 for the fiscal year beginning July 1, 2016 and ending June 30, 2017,and is broken down as follows:
* $22,574,320 for General Fund expenditures
* $3,605,530 for Debt Service Fund expenditures
* $7,237,170 for Water and Sewer Fund expenditures
* $370,570 for Stormwater Fund expenditures.
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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.
An optional budget work session on April 11, 2016 will be exercised for additional discussion.
Departmental Recommendation: Finance recommends a Public Hearing to allow Town of Vienna residents to comment on the FY2016-2017 Proposed Budget.
Finance Recommendation: Finance recommends a Public Hearing to allow Town of Vienna residents to comment on the FY2016-2017 Proposed Budget.
Purchasing Recommendation: N/A
Town Attorney Recommendation: In accordance with state and Town codes, the Town Attorney recommends that Town Council conduct a public hearing on the proposed Town FY2016-2017 Budget.
Town Manager's Recommendation: I recommend the Town Council consider the Fiscal Year 2016-2017 Budget as presented.
Cost and Financing: $33,787,590
Account Number: various
Decision Needed by This Date: May 23, 2016
PROPOSED/SUGGESTED MOTION
Recommended Action
"I move to close the public hearing."
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