Mayor Holds Budget RetreatFebruary 5, 2016
- At today’s annual budget retreat at the Knoxville Convention Center, Mayor Madeline Rogero and her staff presented updates to City Council, including a review of the mid-year budget and status reports on major City initiatives.
Finance Director Jim York reported that the City’s revenue forecast is generally positive. Local option sales tax receipts and state shared sales tax revenues are healthy and expected to exceed the budget for the 2015-16 fiscal year, which ends June 30. But the growth has been smaller for real property and personal property assessed values. Business tax collections have been relatively static.
Mayor Rogero and Deputies to the Mayor Christi Branscom and Bill Lyons provided departmental highlights from the past calendar year, and the Council and Administration discussed a number of City initiatives and capital projects during today’s retreat.Six Month Financial Report [PDF]Budget Retreat Presentation - Financial Update [PDF]Budget Retreat Presentation - Projects Update [PDF]Mayor's Operating Budget Hearings Schedule