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Saginaw budget overview presented; public hearing continued to Aug. 13
Summary
City staff presented a $63 million, 13-fund budget package, highlighting a tax-rate reduction that still raises the average homeowner's bill by about $36.35 annually; council kept the public hearing open and tabled final action to Aug. 13 and a Saturday workshop at 8:30 a.m.
Kim Quinn, the city's budget presenter, told the City Council the proposed budget represents about $63,000,000 across 13 funds and includes a mix of property taxes, sales taxes and other revenues. "We say the budget but it's actually 13 different budgets," Quinn said, and walked members through revenue categories, debt service, and transfers.
Quinn said personnel costs account for roughly a third of total spending, operating about 25%, capital roughly 23% and debt…
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