The City Council will hold Budget Workshops to review the proposed FY 13 budget at 8:30 a.m. on Monday, July 30 in City Council Chambers located inside City Hall, 555 Walnut St., and continue on Tuesday, July 31 if necessary.
The workshops will air live on Abilene Television Network (ATN), the City's education and government channel. ATN is available on Suddenlink Cable Channel 7 and broadcast Channel 7 KXN-TV.
The 2013 fiscal year begins October 1, 2012 and ends on September 30, 2013.
Here are highlights of the proposed FY 13 budget:
- City programs and services remain intact
- Fees stay the same: No adjustments to the fee schedule are in the proposed FY 13 budget.
- Water rates remain static: Water rates are proposed to remain unchanged.
- Sales tax revenue: Sales tax growth is projected to increase for the FY 12 revised budget and decrease for FY 13 budget. This decrease is the result of a continued one-time project in FY 11 and FY 12 that will not be reoccurring in FY 13.
- Tax rate of 68.60 cents: This proposed tax rate is a decrease as compared to FY 12. The rate will be allocated between the General Fund and the Debt Service Funds. The FY 13 general fund expenditures will require a tax rate of 49.37 cents for the General Fund. The FY 12 rate was 48.37 cents. In addition, 19.23 cents will be the required for the Debt Service Funds compared to the FY 12 rate of 20.95 cents. The decrease in the debt service rate is due to the cash financing of the FY 11 and FY 12 Capital Improvements Program.
- Three and one half percent salary increase for all employees: As an objective affirmed by the City Council, we remain committed to being an employer of choice by investing in the development, engagement, and compensation of our employees. Toward that goal, the proposed FY 13 budget includes an across the board compensation adjustment for all employees of 3.5 percent effective January 1, 2013.
- Civic Center Air-Conditioning Chiller Replacement: The replacement of two air-conditioning chillers that have reached the end of their useful life in the amount of $1.5 million is funded in the FY12 revised budget.