After a review of the 232 pages of the FY2023 budget I was unable to find estimates for anticipated revenues. Although there are totals for each sector of the City government, no grand total for the proposed expenditures is provided. It’s clear that some of these items will change, but wouldn’t it be helpful to see some estimated totals?
Revenues and resources are listed from page 192 to 194, but no estimates are included. Find an example of consolidated revenue and expenditures for 2022 here. Will there be $40 million available, or $60 million? More? Below is an example from page 3 of the proposed Budget for just the property tax revenue:
This budget will raise more revenue from property taxes than last year’s budget by an amount of $_______, which is a _____ percent increase from last year’s budget. The property tax revenue to be raised from new property added to the tax roll this year is $________.
Maybe we’ll get more information to fill in the blanks after the Public Hearing on August 15, 2022. Proposed debt service FY2023 on page 129 of the budget is $9.6 million, but I could find no estimated outstanding debt as of 9/30/2022. Best guess is still over $100 million. Find the Debt report as of 9/30/2021 here. Continue reading