FY 2020-21 Adopted Budget

City Manager Lee Garrity has recommended to Mayor Allen Joines and the City Council a $470.6 million budget for 2020-21 that allocates $362.2 million for operations, $55.7 million for debt service and $52.6 million for capital improvements.

The adopted budget is $25.8 million less than the current budget and reflects a $29.4 million reduction in capital spending and a $6.2 million reduction in spending for operations. However, debt service would increase $9.7 million to repay general obligation bonds. Spending in the General Fund, which accounts for most tax-supported services, would increase by $2.2 million to $214.1 million.

Click the image to view the full FY 2020-21 Adopted Budget Document

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Highlights of the proposed budget

· No property-tax increase; tax rate remains 63.74 cents for every $100 of value.

· $5.4 million pulled from city reserves to balance the budget.

· No new or increased user fees.

· No reduction in services to households.

· No delay in bond projects approved in 2018.

· No pay raises for city employees.

· Net reduction of 20 positions.

· $707,900 for downtown improvements, financed through the 9-cent Business Improvement District levy on downtown businesses and residents.

· $1.2 million in grants for community agencies.

Where the Money Goes and Comes From (click to enlarge)

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FY 2020-2021 Adopted Budget Document

by Section and Strategic Focus Area

  1. 00- City Council
  2. 02 - CM Message
  3. 03 - Total Budget Summary
  4. 04 - Fund Summaries
  5. 05 - Economic Vitality
  6. 06 -Safe and Secure Community
  7. 07 - Livable Neighborhoods
  8. 08 - Healthy Environment
  9. 09 - Quality Transportation
  10. 10 - Service Excellence
  11. 11 - Debt Management Section
  12. 12 - Supplemental
  13. FY 2020-21 Adopted Budget (Complete Document)

FY 2020-21 Budget Presentation

presented to the Finance Committee on May 21, 2020

  1. FY 2020-21 Proposed Budget Presentation

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