Budget season is getting into full swing as we approach the summer months. City staff has been working to develop key priorities and initiatives for the upcoming Fiscal Year (TY) 2017-2018 budget.
Initial priorities were presented to Taylor City Council members in February and as they and staff work through the process, a working budget will be presented in July. It is anticipated that the budget will be adopted in September.
The following guidelines provided the framework for this year’s budget:
- No tax increase
- Fund balance meeting or exceeding Council’s policy goals
- Continue to increase the amount in the General Fund reserves
- Seek out grant funding for projects which support Council goals; avoid commitments beyond funding availability
Budget workshops are planned for the months of June, July and August and will be conducted at City Council meetings. The community is invited to attend and be a part of this discussion as we maintain our commitment to being open and transparent throughout the budget process.