Council to examine 2020 fiscal possibilities
However, there are several variables still at play, and that increase could be less.
On Monday, the
According to documents, the city could see a revenue increase of
If those estimates were to hold, the total budget increase would come to
Increases in personnel costs, reflective of union contracts previously approved by the council, reflect one of the largest adjustments to accommodate in a potential budget, coming to
Where the levy increase could fluctuate rather substantially is in the
If both grants are renewed, the 2020 levy increase would be 2.5 percent less. However, the city will need to prepare if they grants aren't awarded.
Another matter to be discussed Monday is financial planning for the city's expansion and its many buildings. In documents, City Finance Director
Additionally, in consideration for the city's annexation of Northern Township land, potential budget requests in 2020 include a motor grader, with the potential of a new police officer coming in 2021, too.
Other expenses factoring into the budgeting process include about
On the other side of the discussion, the city will see an increase in revenue of
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