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In February, the Town Council will begin to discuss and develop the Town’s operating and capital budgets for the 2019 fiscal year, which begins on July 1, 2018 and continues through June 30, 2019.
At its meeting on February 12, the Town Council will hold a special public comment period to hear from residents about next year’s budget and which new or ongoing initiatives they would like to see funded. On March 19, the Council will hold a work session, prior to its regular meeting, to review the proposed budget that the staff and Treasurer have prepared. At the regular Council meeting on March 19, residents will again be able to speak on the budget during the public comment period. There will be a public hearing on the final proposed budget at the Annual Meeting on May 1 before the Council adopts the budget at the May 9 Council meeting.
Throughout the budget development process, the Town Council will consider suggestions from residents about what projects they would like to see funded. The Council also will consider the Town’s property tax rates and the amount of monies to set aside in a reserve fund for emergencies.