How was the budget developed?

The City provided the consultant an estimate on costs based on either quotes from licensed qualified contractors or actual costs.   

The reason the first-year budget is higher than expected is due to the CIP projects as well as the 50% reserve collection. This amount is estimated on a recommended 50% reserve collection due to the property tax installment dates and when the City will receive their funds.

Please see page 12 of the report for the District Budget.

Show All Answers

1. Does the Public Hearing Notice have to be published in general circulation newspaper?
2. Why is the assessment adopting a Equivalent Benefit Unit (EBU) rather than assessment per parcel?
3. How was the budget developed?