Tag Archives: 11 June 2014

Valdosta Budget Hearings @ VCC 2014-06-11

He also called to be sure LAKE got this, and the Public Hearings Tuesday and Wednesday at 5:30 PM are in the City of Valdosta’s online calendar, plus there’s a much briefer story in the VDT today, and see the millage table from last year’s budget hearings. -jsq

From: Tim Carroll <tcarroll@valdostacity.com>
Date: Wed, 4 Jun 2014 14:33:35 +0000
Subject: FY 2015 Budget

Hey everyone,

It is that time of year when your city government prepares its’ budget for the upcoming fiscal year. As we have experienced over the past four years, this year’s budget presents many challenges. Revenues continue to decline while expenses keep going up. Fuel alone for the city now runs around $1.7M per year and the power bill to run the city for a year is now at $3.4M. Like you have seen in your homes and businesses, these and other costs continue to rise. Major revenue sources such as the LOST tax (our largest revenue source for the General Fund) continue to decline. And the list goes on. The city has now tapped over the past several years all the reserve funds in or der to balance the budget. Those reserve funds are now gone.

I say all this to illuminate the difficult choices that are present in this year’s proposed budget. While Continue reading