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2022.05.10 WS Packet
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2022.05.10 WS Packet
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4/27/2023 11:20:50 AM
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1/9/2023 9:29:00 AM
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2023 Budget Considerations: Ongoing Commitments•Maintain the Public Safety model•Continue the Street Reconstruction Plan of reconstructing 2‐3 miles of road each year•Provide safe and reliable water•No external debt issuance for street projects by 2025 (Debt‐Free Streets)•No General Fund reliance on Local Government Aid (LGA)•Maintain a 10‐year Capital Improvement Plan (CIP), including related internal financing charges, to ensure funding is available for future projects and capital replacements•Maintain a fund balance of not less than 35% of the subsequent year’s budgeted operating expenditures•Budgeted non‐tax revenues will be equal to or greater than 40% of general fund expenditures
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