City of Albany Proposes $128M FY 2015 Budget
Thursday, May 15th, 2014
City Manager James Taylor gave the Albany City Commission and other department heads a first look at the city’s Fiscal Year 2015 budget at a called commission meeting Wednesday morning.
Taylor told city officials he and staff would be working in the coming weeks to fine tune a $128,130,143 proposed budget that includes a 2 percent cost of living adjustment for all employees, fully funded workers’ compensation, group insurance rate increases and no funding for downtown attractions.
Taylor said after the session he doesn’t expect a lot of changes to the budget package, which includes an $82,607,605 balanced general/special funds budget and a $45,522,493 enterprise fund budget. The city manager noted, though, that a budget for the city’s Water, Gas, Light & Telecommunications department was not part of Wednesday’s presentation.
“My core budget team has been working long and hard with me to prepare this budget,” Taylor said. “If any of them falls over while I’m talking, it’s not that they’re bored. They’re exhausted.