City Council Passes Budget, No Increase To Real Property Taxes
- Published: June 20, 2016
Each year, the city adopts three budgets. The Executive Operating Budget explains where the city gets its money and how it will be spent to pay for day-to-day operations of the executive branch. The Legislative Budget describes how the city council and its activities will be funded. The Capital Budget lists and describes long-lived projects, such as highways, parks and buildings, which the city will undertake during the next six years, as well as identifying in which years appropriations will be required. The Capital Budget is commonly referred to as the “CIP” for Capital Improvement Program.