Mayor Chris Beutler is proposing a change to his budget for 2018-2020 to allow an additional $2.8 million for streets. The change is the result of new information on health insurance claims. The Finance Office had projected a 9% increase in health insurance rates for the general fund and a 10% increase for all other funds. Actual claims information indicates the rate increase will be only about 3%, freeing up about $1.3 million in 2018-2019 and about $1.5 million in 2019-2020.
“The budget I proposed in June includes $65 million a year for street maintenance and construction, including $3 million to repair nearly 600 blocks of residential streets,” Mayor Beutler said. “But as our Citizens’ Transportation Coalition concluded, Lincoln still has a $33 million gap in funding available to meet our transportation needs through 2040. I am recommending to the City Council that we use this opportunity to create a separate street fund that is flexible enough to meet the highest priority street needs.”
The Mayor’s budget proposal for 2018-2020 is available at lincoln.ne.gov. The total tax-funded budget is increasing from $184 million in the current fiscal year to $205 million in 2018-2019 and to $212 million in 2019-2020. The budget does not increase the City’s property tax levy, which will remain at 31.648 cents per $100 of assessed valuation.
The City Council is scheduled to act on the Mayor’s recommended budget at the following meetings:
- Thurs., July 12 – Council discusses tentative changes to the Mayor’s recommended budget from 3:30 to 5 p.m.
- Mon., July 16 – Council votes on tentative changes to the Mayor’s recommended budget
- Mon., July 30 – Public hearing on the budget begins at 2:30 p.m.
- Mon., Aug. 6 – Council discusses proposed final changes to the Mayor’s recommended budget
- Wed., Aug. 8 – Council votes on final changes to the Mayors recommended budget
- Mon., Aug. 20 – Council adopts the budget