City Of Huntsville Finance Provides Midyear Budget Update

Huntsville AL

29 May, 2022

2:14 PM

Description

Press release from the City of Huntsville: May 26, 2022 Mayor Tommy Battle and the Huntsville City Council received a midyear budget presentation during the Council's regular meeting Thursday night. Director of Finance Penny Smith delivered a brief report on proposed changes to the Fiscal Year 2022 budget, which the City improves upon throughout the year to meet current challenges and opportunities. "This is a short-range view or a 'spring cleaning,' if you will, to ensure that we have taken care of our house," Smith said. "This includes correcting or changing for the needs of our departments." Originally adopted during a time of economic uncertainty, the budget now reflects current revenues and expenditures to create a more holistic picture now that conditions have stabilized. Smith reviewed revenue collections and stimulus funding to date and shifts in City expenditures. Highlights include: Budget increases for Fire & Rescue equipmentIncreased funding on IT hardware/software across departmentsFunding transfer for Other Post-Employment Benefits (OPEB) health care for retirees and self-insurance health care for current employeesIncreased funding to address the rising prices of fuel for City vehiclesAdvertising costs for City's redistricting process CLICK HERE for the FY22 Midyear Budget Presentation. This press release was produced by the City of Huntsville. The views expressed here are the author's own.