City Budget Calendar and February 12, 2013 Public Meeting

City Budget Calendar and February 12, 2013 Public Meeting

Citizens should be aware of the city council's meeting schedule for the FY14 budget process. As I feared last year, we are anticipating significant loss of property tax revenue due to the latest round of decreased assessments on property in the city. Unfortunately we do not expect the actual numbers from the state for several more weeks, but the city treasurer is projecting a revenue shortfall in the range of 7-8% of the city's total budget.

At my request the council added a meeting on February 12 to give citizens an opportunity to dialogue with the council regarding your priorities for your city government. It is unfortunate that we won't have accurate revenue numbers on hand to guide the discussion, but given the size of the budget hole we are projecting I believe we need to have a serious dialogue about city services and what citizens want from the city. We can't have our cake and eat it too.

I hope you will come out February 12 and make your voice heard.

FY 2014 Budget Calendar

Tuesday, February 5, 2013	Staff Presentation to Mayor and Council on revenue and expenditure analysis based on current property assessments and other data
Friday, February 8, 2013	Deadline for all City Departments (including Bunker Hill Fire Department to submit FY 2014 budget requests to City Manager.
Tuesday, February 12, 2013	Special Meeting of the Mayorand Council to hear public comment on budget priorities
Thursday, February 21, 2013	Deadline for Notice to Port Towns Gazetteabout FY 2014 Budget Presentation Scheduled for March 5, 2013.  Notice to appear February 28, 2013
Thursday, February 28, 2013	Notice in Port Towns Gazetteabout March 4, 2013 FY 2014 Budget submission and March 5, 2013 Budget Presentation.
Tuesday, March 5, 2013	Regular Meeting of the Mayor and Council; City Manager presents proposed FY 2014 Budget and Capital Improvement Plan (CIP) for all city departments
Tuesday, March 19, 2013	FY 2014 Budget work session and discussion on proposed constant yield tax rate
Thursday, April 4, 2013	Deadline for submission of April 11, 2013 display ad on proposed Constant Yield Tax Rate and  notice of public hearing on FY 2014 Budget
Thursday, April 11, 2013	Notice in Port Towns Gazetteabout Public Hearing on proposed FY 2014 Budget and Constant Yield Tax Rate scheduled for April 23, 2013
Tuesday, April 16, 2013	Mayor and Council Meeting;special work session on FY 2014 Budget

Tuesday, April 23, 2013	Public hearing and public comment on proposed FY 2014 Budget and Constant Yield Tax Rate;Special Meeting for First Reading on FY 2014 Budget
Tuesday, May 7, 2013	Mayor and Council Meeting;Second Reading and Vote on FY 2014 Budget and Constant Yield Tax Rate