fbpx

City Commission Approves FY18 Balanced Budget

Tallahassee FloridaMillage Rate Unchanged

Today, the Tallahassee City Commission held its final budget public hearing and approved the Fiscal Year 2018 (FY18) budget. The FY18 budget was established to ensure the City continues to provide high quality services at an affordable cost while meeting the stated needs of the community, such as public safety and infrastructure improvements.

The FY18 budget totals $729.4 million. The Commission voted to maintain the millage rate, approving it at 4.1000 mills for the City of Tallahassee. FY18 begins October 1.

The FY18 General Fund budget totals $153 million, $100,000 less than FY17, after accounting for the transfer to road and sidewalk capital projects in both fiscal years. In line with the Commission’s commitment to ensuring City infrastructure is properly maintained, the funding of capital projects was increased from $5 million to $6.5 million. The budget also incorporates reductions resulting from re-organizations, added efficiencies and a decrease in the number of full time positions. In the coming fiscal year, the savings from these changes will help offset any increases incurred, allowing total expenses to remain level.

The FY18 budget will be posted on Talgov.com by the start of the new fiscal year.

As part of the budget discussions, the millage rate was approved for the 1.0000 mill for the Downtown Improvement Authority (DIA), and the DIA budget, which totals $396,250, was approved.

Information about the City’s financials is always available through OpenGov and the City’s online budget, both accessible through Talgov.com.

You May Also Like