Board Of Aldermen - Minutes - 5/20/2020 - P35

Proposed FY 2021 Budget

¢ Proposed Operating Budget - $284.6 Million

— Increase Over FY 2020 Budget - $8.95 million
¢ 2.1% increase ($5.95 million) w/o healthcare costs

¢ $3.00 million increase in healthcare costs

— Revenues:
¢ Revenues continue to be budgeted conservatively
¢ Continued low interest rate environment
¢ Potential reduction in State aid funds — COVID 19

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