Rochester Mayor Lovely Warren on Friday unveiled her annual operating budget for the city of Rochester, which is slated to lower the tax bill for the average city homeowner by $63.89 under Warren’s spending plan, a net decrease of $34.91.
The proposed 2017-18 budget does not raise the existing tax levy and complies with the state tax cap. The proposed budget is $525.6 million, which is 1.3 percent higher than the 2016-17 amended budget of $518.8 million.
The budget process began with a $50.1 million budget gap, which was closed through a combination of expense reductions and revenue enhancements, including: adjustments to the capital program and enterprise fund balances to support capital projects within those funds; departmental reductions and efficiencies; fuel and utility savings; and adjustment to debt service among other cost saving measures.
Warren’s proposed budget will go to City Council for review, with Council holding hearings on June 7, 13 and 14, with a vote expected at the June 20 meeting.
(c) 2017 Rochester Business Journal. To obtain permission to reprint this article, call 585-363-7269 or email firstname.lastname@example.org.