Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Budget topic
No spam. Unsubscribe anytime.
Phenix City officials present budget projections showing higher sales-tax and utility revenue
Summary
City officials presented a budget message projecting $37.4 million in sales-tax revenue and $20.3 million in utility revenue; officials said the plan funds infrastructure and capital projects and the public hearing drew no speakers.
Phenix City officials opened a special budget hearing and laid out revenue and reserve projections for the coming fiscal year. Finance staff projected sales-tax revenue of $37,444,185 and utility fund revenue of $20,253,024, and officials said the figures will support expanded capital-improvement plans.
The finance director summarized the revenue picture and the goals for spending. The finance director said, "With the largest revenue source being sales tax revenue, which has a projection of $37,444,185," and described the projections as enabling maintenance and improvements to city infrastructure and investments in capital projects. The mayor noted the city's reserve position, saying, "Anytime that a city can have 401 days of operating fund, Something is going right."
City officials opened the public hearing for the budget; no members of the public spoke and the mayor closed the hearing. The council will consider the formal budget ordinance at a future meeting (date not specified in the transcript).
