Welcome to the
The Budget and Management Division serves as the City's executive budget office. Its responsibilities include development of the annual Executive Budget; implementation of the adopted budget; management analysis of City operations; and development and analysis of fiscal policy and legislative proposals.
Two strategic objectives guide the work of the Budget and Management Division:
- Ensuring the provision of mission critical city services through annual budgets that limit the impact of tax levy and municipal service charge changes on the typical residential property to 3% or less a year.
- Managing long term obligations such as infrastructure, borrowing authorizations, and pension benefits in a manner that stabilizes ongoing funding requirements.
The 2008 Global Financial Crisis resulted in considerable challenges to the City's Budget, including substantial reductions to the State Shared Revenue Program. The Budget Office has implemented a "3 R" strategy of resizing, restructuring, and reinvesting to enable structural budget balance by 2016.
Since 2009, this strategy has improved structural balance in the following ways:
- 408 FTE positions decline; total annual savings of ~$32 million
- Employee healthcare benefit costs declined $27.8 million from 2011 (-20%)
- Wage cost reductions ($18 million) since 2009 (last 4 years):
- $5.7 million of O&M overtime reduction (2010-2013)
- $12.3 million of total furlough savings (2010-2013)
- Workers' compensation avoided costs => reduction of 11,822 lost work days since 2008 ($26.0 million in avoided costs)
- Major improvements to key infrastructure replacement cycles within a stable level of levy-supported borrowing and a declining tax levy for City debt
- Annual tax levy growth has averaged 0.5% (1/2 of 1%) during the period
- Annual levy/municipal service charge increased impact on "typical" residential owner has averaged 0.7% (7/10 of 1%) during the period