The City's Budget
City Council approves FY2017-2018 City budget; prioritizes public safetySpringfield City Council approved the City Manager’s $348 million total balanced budget Monday night after five budget hearings over the past several weeks. The General Fund portion of the budget is roughly $83 million and is the City’s primary operating fund. The General Fund covers most Police and Fire operations, Public Works, Planning and Development, Building Development Services and all administrative support functions. It relies on sales and use taxes for the majority of its revenue. Other General Fund revenue sources include the payments in lieu of taxes (PILOTs) from City Utilities and revenues from licenses, fines, and fees. Read the full news release
The proposed Annual Budget reflects the time period July 1, 2017, through June 30, 2018.
Proposed Annual Budget, Fiscal Year 2018
What is the Budget?
The budget is a plan. It is a financial proposal that annually directs the provision of public services and facilities. Once finalized and adopted, this plan represents the City Manager's and City Council's commitment to provide for the most important citizen needs within the boundaries of available revenue (funds).
The money collected by the city from taxes, grants, fees, and many other sources to pay for this plan is called revenue. The money spent on salaries, materials, and equipment to provide these planned services and facilities is called appropriations (planned expenditures). By city law, revenues and expenditures must be equal in the annual budget. This is what is meant by a balanced budget.
How Are Spending Decisions Made?
The annual budget is put forth by the City Manager with extensive input from city staff. A series of budget workshops allow City Council time to discuss and consider the budget in detail and put forth any suggested changes. Council must approve a final budget before the new fiscal year begins on July 1 each year.
The annual budget is summarized in the City Manager's budget message to council members (PDF) at the beginning of the document.