Gainesville FY 2016 budget – 5 things to know
Budget includes $800,000 for employee salary and merit increases.
About $2.3 million is budgeted to pay down debt in the next fiscal year.
Public safety spending accounts for 51 percent of the general fund budget.
Property taxes account for 19 percent of the city’s general fund budget, with sales taxes at 15 percent and other taxes accounting for 17 percent.
- Health care claims are projected grown to $6.858 million from $3.617 million in the 2011 fiscal year.
Gainesville City Council formally adopted a $30.7 million general fund spending plan for the 2016 fiscal year Tuesday night.
The proposed budget is $400,000 greater than the current fiscal year, but includes no tax increases.
Council has kept the millage rate for the city in place at $3.02 per $1,000 of taxable property.
Of that total, $1.75 will be applied to fund general government functions, while 78 cents will go toward parks and recreation operations, and 49 cents will be used to pay off debt.
Council also approved the millage rate for the Gainesville Board of Education, which will remain fixed at $7.48 per $1,000 of taxable property, with the entire amount going toward maintenance and operations.