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MAYOR PROPOSES BUDGET CHANGE TO ADD ABOUT $2.8 MILLION FOR STREETS

Mayor Chris Beutler today announced that a change to his proposed budget for 2018-2020 would allow an additional $2.8 million to be used for streets. The change is the result of new information on health insurance claims. The Finance Office had projected a 9-percent increase in health insurance rates for the general fund and a 10-percent increase for all other funds. Actual claims information indicates the rate increase will be only about 3 percent. This frees up about $1.3 million in 2018-2019 and about $1.5 million in 2019-2020.

“The budget I proposed in June includes $65 million a year for street maintenance and construction, including $3 million to repair nearly 600 blocks of residential streets,” Mayor Beutler said. “But as our Citizens’ Transportation Coalition concluded, Lincoln still has a $33 million gap in funding available to meet our transportation needs through 2040. I am recommending to the City Council that we use this opportunity to create a separate street fund that is flexible enough to meet the highest priority street needs.”

The Mayor’s budget proposal for 2018-2020 is available at lincoln.ne.gov. The total tax-funded budget is increasing from $184 million in the current fiscal year to $205 million in 2018-2019 and to $212 million in 2019-2020. The budget does not increase the City’s property tax levy, which will remain at 31.648 cents per $100 of assessed valuation.

The City Council is scheduled to act on the Mayor’s recommended budget at the following meetings:

· Thurs., July 12 – Council discusses tentative changes to the Mayor’s recommended budget from 3:30 to 5 p.m.

· Mon., July 16 – Council votes on tentative changes to the Mayor’s recommended budget

· Mon., July 30 – Public hearing on the budget begins at 2:30 p.m.

· Mon., Aug. 6 – Council discusses proposed final changes to the Mayor’s recommended budget

· Wed., Aug. 8 – Council votes on final changes to the Mayors recommended budget

· Mon., Aug. 20 – Council adopts the budget

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