Friday, March 23, 2012
Bd. of Finance Recommendations 2012-13 Budget
The Board of Finance sent their recommendations for the 2012-13 budget to the Mayor this week. The recommendations were essentially a punt since they did not change the Mayor's budget by much. Three accounts in the EHPD were changed and $4,000 was added to one Recreation account. They should have saved all the time they spent meeting and just rubber stamped the Mayor's recommendations earlier in the month.
The final appropriations and revenue call for a budget of $87M with a mill rate of 30.95 and a collection rate of 97.75%.
*update* It appears I still can't tell the difference between the appropriations spreadsheet and the revenue spreadsheet. The budget also calls for a $1.2M transfer TO the fund balance and not FROM the fund balance. My bad. Never blog before you have had your first cup of coffee. There is also a $500K increase for the Board of Education.