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2018-19 Adopted Budget

Post Date:06/20/2018 11:30 AM

On May 1, the recommended budget was presented to City Council. The public hearing was held on May 15. City Council approved the adjusted budget on first reading at their June 5 meeting and adopted the budget at their June 19 meeting. State law requires two votes on the budget at two separate meetings. Included below are highlights of the budget.

Budget highlights

Total budget: $190.6 million (Includes General Fund and all fee-based enterprise funds)   
General Fund only: $106.5 million

  • Core services maintained
  • Tax rate increase of 1.5-cents ($33 more per year for a home valued at $220,000)
  • Continued funding for:
  • Funding to make pay more competitive for operational positions such as public safety personnel, stormwater and solid waste workers
  • Service expansion for maintenance and upkeep in high visibility areas such as the Riverwalk and mowing and tree trimming in public rights-of-way
  • Strong savings (fund balance) for emergencies of more than $32.7 million
  • Increased funding for affordable housing
  • Expanded funding for programs for at-risk youth
  • Parking fee increases
    • Restructure parking fee schedule, identified increases beginning in January 2019 to help fund improvements in parking decks, while also increasing free parking in the decks from 1 hour to 90 minutes
      • On-street parking from $1.25 to $1.50 per hour
      • Monthly fees increases for downtown parking decks

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