FY2009 Recommended City Budget
Curt Walton, City Manger, presented the City's recommended operating budget for fiscal year 2009 and five-year Capital Investment Plan (CIP) FY2009-2013 to City Council on May 5, 2008. The FY2009 budget for both operating and capital totals $1.82 billion and includes resources consistent with the Council's five focus area plans approved in March 2008:
- Community Safety
- Transportation
- Housing and Neighborhood Development
- Economic Development
- Environment
Additionally, the Council adopted three priorities as a point of emphasis in the coming year that are reflected in the recommended budget. These include:
- Community Safety
- Transportation
- Economic Development - Business Corridor Redevelopment
The budget maintains the City tax rate at 45.86¢ per $100 valuation ($917 on a $200,000 home). It also continues the implementation of key budget initiatives approved by City Council last year.
The five-year CIP includes two bond referenda: $227.2 million for 2008 and $174.2 million for 2010 to fund transportation, neighborhood improvement, affordable housing, and economic development investments.
