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Lake Havasu City adopts balanced fiscal year 2019–20 budget of $148.6 million
Summary
Council adopted the FY 2019–20 final budget and set the property tax levy process; the tax rate remained flat while assessed value increases will generate additional revenue.
Lake Havasu City Council adopted the fiscal-year 2019–20 final budget on June 25, approving a $148,611,388 spending plan and completing the budget process begun with the tentative budget earlier in the month.
Why it matters: The final budget funds core municipal services, a capital improvement plan with identified funding sources and personnel step increases; city staff described the budget as balanced with no new debt.
Key votes and context Council moved into a special meeting and adopted Resolution No. 19‑3319…
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