On December 14, 2018 City Council approved the 2019-2022 multi-year budget. While the overall budgets are set, there is an opportunity for City Council to make adjustments through the Supplemental Operating Budget Adjustment (SOBA) process in the fall of each year, with the finalization of the tax rate in the spring of each year. Following are the results of the adjustments that have been made to the 2019-2022 Operating Budget:
2019-2022 Operating Budget (32MB)
|2019 Spring SOBA||April 30/2019||2.6%||2.6%||2.6%||2.6%|
|2019 Fall SOBA||Dec 13/2019||n/a||2.1%||2.6%||2.3%|
|2020 Spring SOBA||April 27/2020||n/a||1.3%||3.2%||2.4%|
|2020 Spring SOBA (including adjustments for COVID-19)||April 27/2020||n/a||1.3%||3.2%||2.4%|
Further detail on the City’s Operating and Capital Budgets can be found in.