News Release from: City of Tualatin
CITY OF TUALATIN RELEASES FISCAL YEAR 2012-2013 PROPOSED BUDGET
Posted: May 18th, 2012 10:17 AM
The City of Tualatin released their Fiscal Year 2012-2013 Proposed Budget at the first Tualatin Budget Advisory Committee Meeting, Thursday evening in the Tualatin Police Department facility. After City Manager Sherilyn Lombos highlighted numerous current year activities throughout all City Departments, she turned it over to Finance Director Don Hudson, who delivered the Budget Message for the 2012-2013 Budget. He highlighted the fact that the proposed City of Tualatin and Tualatin Development Commission budget of $71,360,255 continued the City's good fiscal health.
The total proposed budget decreased 2.2%, primarily due to a decrease in capital projects in the Tualatin Development Commission. The City's budget is seeing an increase in operating costs due to increases in fuel and utility costs, as well as existing contractual obligations. While continuing to provide quality services, the City is able to fund one-time expenditures, maintain funding related to community engagement and improve operational efficiencies through technology. The budget also includes funding of an economic development program, designed to provide services to the existing business community, as well as assist in bringing jobs and development to the community.
While some revenues are increasing and some are decreasing, overall, the City's total revenues for Fiscal Year 2012-2013 are stable. Given the economic environment of the past few years, the City is pleased with a stable revenue stream that continues to allow for prudent financial management.
The next Tualatin Budget Advisory Committee meeting will be held on May 30th, to discuss the City's operating and utility funds, from 6-8pm, in the Tualatin Public Library Community Room.
A copy of the City of Tualatin's Proposed Budget, along with the City Manager's Budget Message, is available for viewing at the City of Tualatin Council Building, the Tualatin Public Library and on the City's website, www.ci.tualatin.or.us.
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