Mayor Presents $270M City Budget to Council
Wednesday, April 27th, 2016
Mayor Teresa Tomlinson said Tuesday that her proposed fiscal 2017 budget would be the first in 16 years to not dip into reserves to balance the budget. The proposed budget is $270 million, up from the current $265.7 million.
In addition to not taking from the reserves, Tomlinson said her budget would add back four days of operation to the fund, which has dipped to 56 days, below the cutoff point at which the city’s bond rating is at risk.
