SYCAMORE – City staff will get direction from the City Council on how to best move forward with the next fiscal year’s budget in regard to water and sewer funding.
City Manager Brian Gregory said the council will look at what it can expect for revenue and expenditures for the general fund budget for fiscal 2020, which begins
May 1. The meeting is scheduled for 7 p.m. Monday at City Hall, 308 W. State St.
Gregory said both funds are balanced as they will be presented to the council Monday. He said residents will see a slight change in their utility bills as a result of the city having to find more money for radium water treatment and the city seeing a savings in the final phase of its wastewater treatment plant project, which originally was estimated to cost $25.3 million but ended up costing $21.6 million.
“When you net those together, it’s a savings to our residents of a little more than
1 percent,” Gregory said.
The water and sewer discussion follows talks about the city’s general funds
The next steps in fiscal 2020 budget talks for the city include the capital improvement plan and capital funds, which will be covered during the council meeting Feb. 18.
Special and bond funds will be covered March 4. The preliminary budget will be presented March 18.
A public hearing for the budget and its first reading is scheduled for April 1. The scheduled second reading and adoption of the appropriation ordinance will be April 15.