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Lake Havasu City council adopts FY 2019-20 tentative budget, appoints chief fiscal officer
Summary
City council adopted a tentative FY 2019-20 budget setting a cap at just over $148 million and appointed Administrative Services Director Jill Olsen as Chief Fiscal Officer. Council said the tentative total cannot be increased before final adoption and highlighted no new debt and a flat property tax rate.
The Lake Havasu City Council on Tuesday adopted the tentative fiscal year 2019-20 budget, setting the maximum total for the coming year at just over $148 million and approving processes for final adoption later this summer.
The tentative budget, adopted by the council in a 6-0 vote, establishes the upper limit for the city’s 2019-20 spending; the total can be reduced but not increased before the final budget vote. Councilmembers highlighted that…
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