Proposed Fiscal Year 2013 budget unveiled

Proposed Fiscal Year 2013 budget unveiled

By Mindy Patterson, Director of Finance

 

 

 

ABILENE, Texas –City Manager Larry Gilley has filed his proposed Fiscal Year 2012-2013 budget with the City Secretary’s Office. The FY 13 proposed General Fund budgetis $75,740,100 as compared to the FY 12 original budget of $71,577,560 which isan increase of 5.8 percent. The proposedbudget is available online on the City of Abilene website, http://www.abilenetx.com/, under the City Spotlight heading. Here are highlights of the proposed FY 13 budget: § City programs and servicesremain intact § Fees stay the same No adjustments to the fee schedule are in the proposedFY 13 budget. § Water rates remain static Water rates are proposed to remain unchanged. {{more}} § Sales tax revenue Sales tax growth is projected to increase for the FY12 revised budget and decrease for FY 13 budget. This decrease is the result ofa continued one-time project in FY 11 and FY 12 that will not be reoccurring inFY 13. § Tax rate of 68.60 cents This proposed tax rate is a decrease as compared to FY12. The rate will be allocated between the General Fund and the Debt ServiceFunds. The FY 13 general fund expenditures will require a taxrate of 49.37 cents for the General Fund. The FY 12 rate was48.37 cents. In addition, 19.23 cents will be the required for theDebt Service Funds compared to the FY 12 rate of 20.95 cents. The decrease inthe debt service rate is due to the cash financing of the FY 11 and FY 12Capital Improvements Program. § Three and one half percentsalary increase for all employees As an objective affirmed by the City Council, weremain committed to being an employer of choice by investing in thedevelopment, engagement, and compensation of our employees. Toward that goal,the proposed FY 13 budget includes an across the board compensation adjustmentfor all employees of 3.5% effective January 1, 2013. § Civic CenterAir-Conditioning Chiller Replacement The replacement of two air-conditioning chillers thathave reached the end of their useful life in the amount of $1.5 million is fundedin the FY12 revised budget. The City Councilwill hold Budget Workshops to review the proposed FY 13 budget at 8:30 a.m. onMonday, July 30 in City Council Chambers located inside City Hall, 555 WalnutSt., and continue on Tuesday, July 31 if necessary. The workshopswill air live on Abilene Television Network , the City’s education andgovernment channel. ATN is available on Suddenlink Cable Channel 7 andbroadcast Channel 7 KXN-TV. The 2013 fiscalyear begins October 1, 2012 and ends on September 30, 2013.