Here is a quickie bite o' budget – an overview of 2013 Rye City – from recent council minutes:
"Ms. Schaefer first presented the Citizen’s Budget Report, which is a streamlined version of the proposed 2013 budget that is prepared by City staff at the Committee’s request. She offered the following overview:
- The 2013 tax rate currently proposed is $149.39 per $1,000 of assessed valuation or a 3.03% increase over the 2012 rate. The annual tax increase for a median assessed house would be $96.51.
- The revenues budgeted for 2013 are budgeted to be $30.9 million, up $1 million from 2012 or 3.3%.
- Expenditures are budgeted at $31.7 million, up $1.7 million from 2012 or 5.3%.
- There is a planned use of Fund Balance of approximately $800,000. The projected year end 2013 Unassigned Fund Balance is $4.3 million, representing13.7% of expenditures, which is higher than the 5% requirement."
What do you you think about the city's budget? Leave a comment eblow.