BIB_2024

Balancing the Budget

Before being presented to the City Council, this year’s budget began in January with a $3.1 million estimated General Fund operating deficit. The City’s operating budget covers the day-to-day operations and obligations of the City including law enforcement, and general City services. While the annual budget takes into consideration a variety of assumptions related to projected revenues and forecasted expenditures, strategic maintenance deferrals and service level adjustments were required to achieve a balanced budget. These include: • Cutting the Public Works budget by $1.5 million, and significant cuts across most departments • Reducing water and landscaping maintenance of City-owned open space and trees by $1 million • Delaying infrastructure improvements, non-essential facility repairs, and roadway projects General Fund revenues pay for police services, building and planning services, recreation programs and special events, and infrastructure maintenance and repairs. The City’s General Fund budget is projected to be balanced, with estimated revenues totaling $55.3 million, and estimated expenditures totaling $55.3 million. General Fund revenues primarily come from taxes, which make up 58% of the $55.3 million. General Fund Budget