Title
Public Hearing on the 2019 Preliminary Operating Budget and Preliminary Capital Facilities Plan (CFP) and 2019-2024 Financial Plan
Recommended Action
Committee Recommendation:
Planning Commission, Bicycle Pedestrian Advisory Committee, Parks and Recreation Advisory Committee forwarded written comments to the City Council at an earlier date. The Finance Committee has reviewed the budget and will meet on November 21 to finalize their recommendations.
City Manager Recommendation:
Hold the public hearing and receive testimony on the 2019 City of Olympia Preliminary Operating Budget and Preliminary CFP and 2019-2024 Financial Plan
Report
Issue:
Whether to hold a public hearing and receive testimony on the 2019 City of Olympia Preliminary Operating Budget and Preliminary CFP and 2019-2024 Financial Plan.
Staff Contact:
Debbie Sullivan, Director, Administrative Services, 360.753.8499
Presenter(s):
Steve Hall, City Manager
Debbie Sullivan, Director, Administrative Services
Background and Analysis:
2019 Preliminary Operating Budget
The 2019 Preliminary Operating Budget was presented to Council on October 23, 2018. This hearing provides additional opportunity for the Council hear from the public. The operating budget includes the use of banked capacity from the Public Safety Levy Lid Lift, utility rate increases, and recommendation for allocating the lodging tax to various organizations, and changes in impact fees.
The 2019 Preliminary Operating Budget is $155.9 million reflecting a 3.8% increase over the 2018 budget. The General Fund, which covers our core municipal services is $81.85 million, a 4.2% increase over the 2018 budget.
Utility rate increases which were reviewed and recommended by the Utility Advisory committee are:
Drinking Water 0%
Wastewater Collections 0%
LOTT 3%
Storm & Surface Water 5.1%
Waste ReSources
Drop Box 5.5%
Residential 5.5%
Commercial 0%
Organics 0%
2019 Preliminary CFP and 2019-2024 Financial Plan
The Pr...
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