Council has allocated the City’s Fund Balance!
Last Tuesday, Council decided how to spend $20 million in Fund Balance money! Fund Balance refers to leftover money from the previous Fiscal Year’s Budget that hasn’t been spent. The last Fiscal Year’s budget ended on June 30th, 2024.
Council will discuss Fund Balance proposals
On Tuesday, October 29th at 10am, Council will hold a Committee of the Whole Meeting to decide how to spend the City’s Fund Balance money.
Council keeps ad valorem tax rates the same
In last Tuesday’s Council Work Session, Council voted to follow the Mayor’s recommendations and keep the ad valorem tax rates for Fiscal Year 2025 (FY25) the same as FY24.
Councilmembers will set the ad valorem tax rates for Fiscal Year 2025
In Tuesday’s Council Work Session, Councilmembers will decide how to set the ad valorem tax rates for Fiscal Year 2025.
Mayor vetoes new positions in FY25 Budget, Council may override
Citing recurring costs and a disagreement over Council’s budget process, Mayor Linda Gorton is vetoing ten positions added to the FY25 Budget by Council.
Council Approves Final Changes to FY25 Budget!
Council has approved their final changes to the FY25 Budget!
Council Works Toward Finalizing City Budget This Week
On Tuesday, May 28th at 10am and Thursday, May 30th at 1pm in Council Chambers, Councilmembers will host two Committee of the Whole (COW) meetings to discuss Link recommendations for the Mayor’s Proposed Budget!
What is in the Mayor’s Proposed Budget this year?
Here is a quick snapshot of what is in the Mayor’s Proposed Budget!
Budget links have concluded!
Last week was the final week of Council’s budget Link meetings! Links will submit their recommendations to the full Council this Wednesday, May 15th. The Council will reconvene for a Budget Committee of the Whole Meeting to discuss and vote on the recommendations on May 28th at 10am in Council Chambers.
Share Your Thoughts on the Budget This Week!
This Thursday, Council will hold a public hearing on the Mayor’s Proposed Budget! This will be your first opportunity to give public comment specifically for the budget.
Council Continues Work on City Budget
Three Budget Links have met so far. Two more still have meetings before all Link recommendations are due to the full Council.
Council Begins Work on LFUCG Budget
Budget Season officially kicked off last week with Mayor Linda Gorton’s Budget Address! Council will begin working on the Proposed Budget as soon as Monday morning.
Highlights from Mayor Gorton’s Budget Address
Here are some highlights from the Mayor’s Budget Address!
Mayor Linda Gorton Kicks Off Budget Season
This Tuesday at 3pm, Mayor Linda Gorton will present her proposed budget for Fiscal Year 2024/2025 (FY24/25).