Monday, July 1, 2013

2014 Budget

Recently the City completed its budget process as we closed off fiscal year 2013 and began fiscal year 2014.  It was a good year for the city as we continued to see improvements in our economy.  More individuals are employed, our housing market has improved significantly from the last couple of years, and consumer confidence seems to be growing, as our sales tax numbers have improved.  We are still being very cautious in our forecasting and projections but we like the way we are trending.

Combine this revenue improvement with the streamlining we have been able to do in expenses over the last few years and the City sits in very good financial position.  Employee growth has been held very tight and we have continued to do more with less.

In spite of the challenged economy and the cutting back of expenses, Washington City has grown by almost 1,000 citizens every year and this previous year we grew by over 1,500 citizens.  We certainly continue to be the "City of choice" for many who are coming to our area.

The overall budget this year was $42,265,529 with a General Fund budget of $11,917,413.  We continue to have one of the lowest property tax rates in the county and believe that we offer our citizens good value for the many benefits we offer here in the City.  For ongoing budget information please refer to washingtoncity.org/finance

I know it may be boring but I would encourage you to look over the budget for this upcoming year, even if it is just to glance at it.  It will help you to stay apprised of how your tax dollars are being spent and the benefits you receive from them.  As always, if you have any questions or suggestions, please don't hesitate to contact us.

Continue to have a great summer!

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