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City Income Status
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The City Council Budget Workshop held on Monday evening brought to light that Central’s income growth has stalled post-flood. The city’s income for 2017/18 was virtually the same as it was in 2015/16. With almost $10 million in income primarily from sales taxes and franchise fees, this year’s total income is projected to be only $54,000 higher than two years ago.
By comparison, from 2013 to 2015 Central’s income grew by $1.5 million, which is a 19% increase. The $54,000 increase over the last two years is less than 1%.
In the upcoming weeks Mayor Shelton will be preparing his proposed budget for the 2018/19 fiscal year which begins on July 1. The City Council will meet in June to vote to accept or reject the Mayor’s budget.
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