Subject:
Title
Fiscal Year 16/17 Proposed Budget Work Session
Body
BACKGROUND SUMMARY: This is the third and optional budget Work Session that is set for Council to review and discuss department by department, the upcoming year’s Town Manager’s Proposed Budget. The Town’s Proposed Budget for Fiscal Year 16/17 has been provided to the Mayor and Council and publicized on the Town’s website. The Work Sessions of March 14th and March 19th were conducted and Council reviewed the budget.
OVERVIEW: The two budget Work Sessions for review and discussion of the Fiscal Year 16/17 Proposed Budget were on March 14th and March 19th. This is the third Budget Work Session, the one designated as optional.
SUMMARY/STAFF IMPRESSIONS: The Town Manager’s Proposed Budget for Fiscal Year 16/17 is a balanced budget. In the General Fund the real estate tax remains constant. Minor changes were made during the first two budget work sessions and that listing is included. 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 an adjustment to water and sewer rates this year.
RECOMMENDATION:
Recommended Action
Finance recommends review and discussion of the Town Manager’s FY 16/17 Proposed Budget.