Board Of Aldermen - Minutes - 5/16/2019 - P14

Proposed FY 2020 Budget

¢ Proposed Operating Budget - $270.3 Million

— Increase Over FY 2019 Budget
¢ $4.2 increase w/o Healthcare Cost increase — 1.60%

¢ $3.3 Healthcare Cost increase
* Total increase - $7.5 million - 2.86%

— Revenues:
¢ Revenues continue to be budgeted conservatively
¢ Stable revenue from motor vehicle registrations
¢ Continued low interest rate environment
¢ Potential reduction in State aid funds

May 16, 2019 4