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City Council OKs new budget in Dixon

2014-15 fiscal year begins today

Published: Thursday, May 1, 2014 1:15 a.m. CST • Updated: Thursday, May 1, 2014 10:43 a.m. CST
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Paula Meyer

DIXON – The City Council unanimously approved its budget during a special meeting Wednesday morning, the final day of the fiscal year.

Today marks the first day of the 2014-15 fiscal year, which runs through April 30.

The budget shows a total of $18.9 million in revenue and $22.9 million in expenses, according to Finance Director Paula Meyer.

The difference – about $4 million – will be made up with $1 million from lawsuit settlement funds and $3 million from the city’s two tax increment financing districts, Meyer said, to fund the work on River Street sewer and other projects.

The city’s general fund, the largest fund, is budgeted at $10.4 million in revenue and $8.3 million in expenses, with $2 million being transferred to the capital fund.

The City Council also approved its schedule of meetings for the 2014-15 fiscal year. Meetings will again be held on the first and third Monday of each month, except when a holiday falls on one of those days.

The meeting time will be moved up an hour to 5:30 p.m.

The schedule was approved by a 4-1 vote, with Commissioner Colleen Brechon voting against.

To attend

The Dixon City Council next meets at 5:30 p.m. May 5, at City Hall, 121 W. Second St., on the second floor in the Council Chambers.

Go to www.DiscoverDixon.org or call City Hall at 815-288-1485 for an agenda or more information.

 

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