AGENDA CAPTION:
Title
Receive a Staff presentation and hold discussion regarding the Fiscal Year 2022-2023 Fiscal Year Proposed Budget, and Fiscal Year 2022-2023 Capital Improvements Program and provide direction to Staff.
Body
Meeting date: August 18, 2022
Department: Finance
Amount & Source of Funding
Funds Required: N/A
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Fiscal Note:
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Background Information:
Attached is the budget presentation that will be presented at the August 18th workshop as well as supporting documents.
The budget process begins in the spring with formation of the Budget Policy Statement. Budget workshops were held on May 17th and June 29th to discuss current economic conditions, review financial estimates for FY22 and consider preliminary assumptions for FY23 budget preparation. A recovering economy, a challenging hiring market, supply chain disruptions, and inflation have been a recurring theme throughout. The Proposed Budget was developed keeping those things in mind, as well as fiscal responsibility to the taxpayers. This proposed budget reduces the tax rate by 1? to 59.30? per $100 valuation.
In addition to the Proposed Budget and presentation, we...
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