Killeen City Council adopted the annual budget for Fiscal Year 2019 and voted to maintain the current tax rate at a special meeting tonight. The new budget goes into effect October 1.
The adopted budget is balanced with $181 million in planned revenue and expenditures. It maintains the current tax rate at74.98 cents and proposes no fee or rate increases.
The General Fund, which makes up 46 percent of the overall City budget, is balanced at $84 million with a projected ending fund balance of 26.22 percent. Primarily funded through property and sales taxes, the General Fund allocates resources to public safety, quality of life and general government support departments.
All other funds are balanced with expenditures planned within projected revenue with the exception of the Aviation Fund, which will use fund balance to achieve balance.
City Manager Ron Olson delivered his proposed budget to City Council August 7. In a series of August and September workshops, he and his staff made detailed presentations of each fund and department. The document and all presentations remain available for public review.
City Council conducted two budget public hearings and two tax rate public hearings to gain resident input prior to budget adoption. The body made two significant changes to the proposal. The first reduced the increased HOP funding request to the previous level for a savings of $335,000. The second was setting aside $400,000 in the Water and Sewer Fund to provide for development of a sanitary sewer maintenance program.
Fiscal Year 2019 begins October 1 and ends September 30, 2019. The adopted budget, along with current and previous budgets, is available online at killeentexas.gov/budget.