Elk Grove's Preliminary 2015 Budget to be Presented Tonight

May 28, 2014 | With the city's 2015 fiscal year scheduled to take effect on July 1, the Elk Grove City Council will hear a present...


May 28, 2014 |

With the city's 2015 fiscal year scheduled to take effect on July 1, the Elk Grove City Council will hear a presentation at tonight's regular meeting on the proposed budget.

According to information posted on the city's website, the city expects to generate $59.01 million in revenue, which is $4.12 million higher that this year's estimated revenues. The current fiscal year ends on June 30.

The largest revenue growth is expected to come from property taxes, which are expected to increase from the current fiscal year's $10.43 million to $12.53 million. 

With the increased revenue, the city projects to be spending more across the board, most notably with a $5.55 million increased earmarked for compensation over this year's estimated costs. The largest proposed labor increase will be targeted to police, with a proposed budget of $31.32 million over this year estimated police labor expense of $26.80 million.

Tonight's meeting starts at 6 p.m. The entire proposed budget can be viewed here



 

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