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Public Hearing

Public Hearing. 2011 City Budget. 2011 Budget Highlights. An increase of about $2,193,572 in total property taxes. ($1,494,382 for the Bond & Interest Fund) No increase in sales tax projections for 2011.

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Public Hearing

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  1. Public Hearing 2011 City Budget

  2. 2011 Budget Highlights • An increase of about $2,193,572 in total property taxes. ($1,494,382 for the Bond & Interest Fund) • No increase in sales tax projections for 2011. • The addition of two rental inspectors as well as an office assistant and educator for the new Discovery Center that are intended to be revenue neutral. • With the above exceptions, all other spending in the General Fund remains flat. • Rate increases for the water, wastewater, and stormwater utilities in 2011. 2 2011 City Budget

  3. Proposed 2011 City Budget 3 2011 City Budget

  4. 2011 Budget Snapshots [.6%] [30.9%] [4.0%] [.8%] [23.5%] (continued) 4 2011 City Budget

  5. 2011 Budget Snapshots [-29.8%] [-11.5%] [-23.7%] 5 2011 City Budget

  6. $ 99,158,450 $ 105,045,538 2011 Budget Overview 2011 Proposed City Budget 2010 City Budget All Other Funds Bond & Interest Fund Bond & Interest Fund All Other Funds General Fund General Fund 6 2011 City Budget

  7. Budget Increase $ 4,170,615 increase in Bond & Interest Fund $ 5,887,088 increase $ 418,779 increase in Special Revenue Funds $ 1,166,595 increase in all Enterprise Funds 2011 Budget Overview 2011 Proposed City Budget $ 131,099 increase in General Fund 7 2011 City Budget

  8. CIP – Budget Impact 8 2011 City Budget

  9. Property Tax Levies 9 2011 City Budget

  10. Homeowner Impact (approximate home value $232,500) * Includes delinquency 10 2011 City Budget

  11. Second Reading of 2011 Budget Ordinances on August 24th Questions? 2011 City Budget

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