DEPARTMENT: Office of Management & Budget
DEPARTMENT HEAD: John Woodruff
COUNCIL DISTRICTS IMPACTED: City Wide
SUBJECT:
Presentation of City's FY 2017 Proposed Annual Budget
SUMMARY:
On August 18, 2016, the City Manager will present to the Mayor and City Council a Proposed Operating and Capital Budget for Fiscal Year (FY) 2017. The City's fiscal year begins on October 1 and ends on September 30. Following this presentation, the City Council will consider an ordinance setting the proposed tax rate and an ordinance setting the date, time, and place for two Budget Public Hearings and two Ad Valorem Tax Rate Public Hearings.
The FY 2017 Operating and Capital Budget, the Tax Year 2016 Ad Valorem City Property Tax Rate, and revenue adjustments are scheduled to be adopted by City Council on Thursday, September 15, 2016.
BACKGROUND INFORMATION:
Each year, the City Manager presents a proposed balanced budget that reflects the City Council policy direction and service priorities from the residents of San Antonio.
FY 2017 Budget Development
On March 16, the City Manager provided the FY 2017 Budget Calendar, setting key dates for the development of the proposed budget, to the City Council. The key dates in the calendar included the presentation of the Five Year Financial Forecast, City Council Goal Setting Session, Community Budget Input Meetings prior to the development of the budget, a presentation of the FY 2017 proposed budget, Community Budget Input Meetings on the proposed budget, Budget and Tax Rate Public Hearings, and City property tax rate, and budget adoption.
On May 11, City Council was presented with recommended updates to the City's Financial Management Policies and the Five Year Financial Forecast covering the years of FY 2017 to FY 2021.
As part of the FY 2017 Budget Development process, City staff gathered input on the priorities of the community for the FY 2017 Budget by attending various community wide events during the months of Apri...
Click here for full text