Breaking Down the FY 21-22 Budget

City budgets can be tricky to understand and even harder to explain. But it's worth the effort! Amid the many moving pieces are important decisions, projects, and stories that matter to our community. This week we dive into the City’s Tentative Budget for the fiscal year starting July 1 with Assistant City Manager Victoria Yarbrough to share how the budget process works and talk about the highlights in plain language. We cover the latest news on exciting projects like upcoming improvements on West Fry Boulevard and other key items included in the Tentative Budget. We also put everything in context, so citizens can understand how the City’s conservative fiscal philosophy, especially in good times, has helped it weather difficult economic times better than most. Highlights: Budget 101, clearing up a sometimes counterintuitive process (0:59) The tentative budget totals more then $115 million, which is much higher than last year’s budget of $86.7 million. Find out what accounts for the increase and why a simple budget total comparison often offers a misleading picture. (7:30) Discussing how the increased cost of construction materials has impacted City projects, while sharing some good news the West Fry Boulevard Improvement Project. (13:03) How the City’s conservative budgeting philosophy even in good times helps The City get through the difficult times. (29:21) Describing how the City continues to take a proactive approach to handle the costs associated with the Public Safety Personnel Retirement System. (34:43) Local citizens are encouraged to join the conversation by asking questions, offering comments, and suggesting future topics. To share your thoughts, email [email protected].