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Draft Financial Plan Presentation February 23, 2017

The Finance Committee met February 23, 2017 for a summary presentation on the 2017 operating budgets for the General, Water and Sewer Funds, a review of the supplemental operational requests, as well as a presentation on staff recommended 2017 capital projects. During this meeting, public were provided an opportunity to provide input prior to budget discussions by the Finance Committee as well as an opportunity for the public to respond Committees' discussion.
Through discussion of the Finance Committee there was apparent agreement on the following:
•       that the current draft base budget has a combined 2.9% tax increase (both raises in property taxes and utility user fees);
•       that a 1.9% combined tax increase is the maximum that will be considered, which matches COLA;
•       that staff will provide several budget scenarios, including a 1.9% and 0% combined tax increase;
•       that recommended supplemental and capital requests be added to the budget, resulting in a shortfall above the already too high 2.9% increase;
•       that service cuts will be needed to address shortfall.
•       to keep the 2017 flat tax rate at the 2016 flat tax rate of $335;
Following are the links to the staff presentation made to the Finance Committee as well as the Draft 2017 Capital Project list as amended by the Finance Committee

2017 - 2021 Financial Plan Presentation to Council - February 23, 2017

2017 Capital Project Summary - Amended Draft

for further information contact:
Kathleen Day, Chief Financial Officer

Event date: 
Wednesday, March 8, 2017 - 11:15am


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