Mayor's Proposed 2019 City Budget Published

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Mayor Matherly submitted his 2019 balanced budget to the City Council at the October 16th Finance Committee Meeting.  All Department Heads and several other staff members worked hard on this budget and were understanding of the cuts necessary to achieve a balanced budget.

The City is debt free and the Permanent Fund is increasing in value.

State Community Assistance is declining, and we expect that trend to continue.    Other revenues are also falling due to the slowdown of construction projects in the City. Fiscal concerns are as follows:

  • The City does not have enough funds to replace capital assets.  With decreasing State funding for capital projects, the City must increase its contribution to our capital account
  • The City is experiencing an increase in demand for services while revenues are flattening,
  • Many union contracts are being negotiated or are in mediation that may result in additional expenditures that will adversely impact funds available for operations and capital projects. 

You can view the entire budget by visiting our City Budget Page.

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