Citation in context
September 27, 2022 — Meeting Transcript
Cited passage · transcript
The attached ordinance approves the fiscal year 2023 operating capital improvements budget is presented for a second reading and final approval. Staff recommends that the Board of Aldermen have the second reading of an ordinance approving the fiscal 2023 operating and capital improvements budget. And there was one outstanding question from the last meeting that came from Alderwoman Patel. I sent out an email earlier today that shows our projections for new construction and how that's calculated. Also, there was a follow-up question about 2023. The only new building and it was incorporated in the property tax levy is the Clarendale. In 2022, there was not any new large construction, but you can see we have quite a bit that's coming online in 2024 and 2025 on that spreadsheet. And we'll go through that in a lot of detail as we talk about our financial projections at the Friday session coming up on September the 30th. Take any additional questions and also Karen Dilber, our director of finances here this evening. All right. I'll open the discussion, ask if there is anyone in the audience or online that has a question or comment. How about our board? Do you have any questions, comments? Like you might be the only one. Yeah, I just want to say, I think I am comfortable approving this budget. And in the next year, I believe we must identify service reductions and or revenue increases that will stop us from operating in a deficit and doing the transfer that we're doing.
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