Proposed $169.7 million Fiscal Year 2018-19 Murfreesboro Budget

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The Murfreesboro City Council has scheduled six Special Budget Review Meetings on the proposed $169.7 million Fiscal Year 2018-19 (FY 19) Budget during the month of June.

Interim City Manager Jim Crumley submitted the City's proposed $169.7 million Fiscal Year 2018-19 (FY 19) Budget for review by the City Council by May 15 in accordance with the City Charter.

The proposed General Fund expenditures increase 5.12 percent while revenues increase 2.42 percent from FY 2017-18 budgeted amounts.

The proposed FY 2019 budget relies on use of the General Fund fund balance to balance the budget.

On May 24, Crumley presented alternative solutions to dependence upon the fund balance, including a solid waste fee, reduced Capital Improvement Project (CIP) borrowing, a hotel/motel tax increase, development impact fees, and a property tax increase.

The Interim City Manager also suggested that reducing reliance on the fund balance would take five years.

Council will meet at 4 p.m., June 5, 6, and 7 and June 12, 13, and 14 in Council Chambers, 111 W. Vine St., City Hall, to review the FY2018-19 proposed City Budget.

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