City Manager Larry Klein delivered the City Manager's recommended Fiscal Year 2013/2014 Budget to the Commission this week.
"It moves us toward providing services at optimal levels and secures a more stable financial future through reinvestment in the City's infrastructure, economic development, neighborhood revitalization and public realm, while maintaining the fiscal discipline demonstrated by the City in the past two years," said Klein.
In his message to the Mayor and Commissioners, Klein explained that the City has reached an unprecedented point of opportunity. The policy basis for his recommended budget heavily relies on critical future decision making.
The policy outlines five core commitment areas that focus on potential for greatest return on investment and quality of life improvements for residents.
In summary, the proposed balanced budget recommends the following key actions:
The City's Fiscal Year 2013/14 proposed General Fund budget totals $46.49M, and includes all of the City's services such as fire, police, public improvements, community services recreation and others. The City's proposed Capital budget is approximately $75 million over the five year period of 2014-2018, with a recommended first-year allocation of $26 million in FY 2013/14. Last year's capital budget was $8 million.
Klein presented the budget at the Commission's May 21 meeting. A first reading of the budget ordinance is scheduled for the City Commission meeting on June 11. If any changes occur to the budget after first reading on June 11, a new first reading will occur on June 25; if no changes occur, a second reading will occur on June 27 at the Commission meeting.
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