City Budget

May 11, 2007
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Mayor Tom Ambrosino said on Friday that the City Budget would be out on Monday and it is expected to be up around 5 percent – even though it contains no new spending.
Ambrosino said to expect a very lean budget with no new jobs or no new programs, but with a substantial increase. The increase is attributed to inflationary increases in Group Health insurance and the Employee Pension Fund.
The city got no increase in funding from state local aid this year, instead getting level funded and, after taking into account state charges to the city, a resulting small decrease in state aid.
The City Council will address the budget on May 21, as there is no Council meeting this Monday, May 14th.

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