HUNTSVILLE, Ala. (WHNT)-– Details on the 2015 Fiscal Year Capital Improvement Plan were made public for the first time Wednesday evening during a city council work session.
The capital budget covers large-scale infrastructure and building projects planned well into the future.
This year the city council will actually have to approve two separate capital plans.The newest plan includes funds strictly earmarked for upgrades to roads. The money comes from a one-cent sales tax increase approved by voters last year.
Mayor Tommy Battle introduced the City of Huntsville Fiscal Year 2015 General Fund Budget to City Council several weeks ago.
The $245.9 million General Fund budget represents a $4.7 million, or 2 percent, increase over the FY14 budget. It is largely based upon a projected three percent increase in sales tax revenues. The bulk of the increase will be absorbed by employee costs and mandatory increases in operating costs.
While lean, the budget does represent steady funding for city departments and agencies, according to Mayor Battle.
Council members will review the budget in greater detail during a work session on Sept. 24. Mayor Battle expects to have the budget approved before the fiscal year begins October 1.
“Citizens can be assured that while the City of Huntsville is financially sound, we are being very frugal with your tax dollars and remain committed to providing a valued level of service,” says Mayor Battle.
City council will vote on the 2015 budgets Thursday evening during their meeting in council chambers.