HOMECONTACTCITY HALLCITY EMPLOYMENTONLINE SERVICEBUSINESSRESIDENTSVISITORS
City of KnoxvilleContact Us
I Want To...
Download Permits & Forms »
Find City Court Info »
Find Next Brush Pickup Date »
Report Traffic Issue »
Retrieve Impounded Vehicle »
News
Enjoy Christmas in the City »
City of Knoxville and Transportation Planning Organization Win Smart Growth Awards »
Knoxville Named a Climate Action Champion by White House »
Knoxville Zoo Offering Buy One, Get One Free Tickets in December »
Affordable Care Act Enrollment Nov. 15-Feb. 15 »
Mobile Food Vendor Program »
Civil Rights Act Anniversary »
Cumberland Connection Blog »
Engineering Department Project Blog »
Like the City on Facebook® »
Follow the City on Twitter »
View Press Releases »
Click Here for Printer Friendly Version
NEWS RELEASES
City of Knoxville, Tennessee
Madeline Rogero, Mayor
FOLLOW THE MAYOR
www.facebook.com/mayorrogero
www.twitter.com/mayorrogero

For Immediate Release
City's Budget on Course
Mayor Haslam speaks at the 2010 Budget RetreatFebruary 3, 2010 - Mayor Bill Haslam said Tuesday that the city has continued to maintain a steady financial performance despite a weak economy and should finish the 2010 Fiscal Year in the black.

“This year it looks like we’ll still finish on budget,” Haslam told City Council even though the city’s revenues are down for a second straight year.

Haslam’s remarks came during the mayor’s budget retreat, an annual mid-winter meeting with Council that looks at the city’s financial status halfway through the fiscal year and provides a preview of next year’s budget.

Semi-Annual Financial Report as of Dec. 31, 2009 [PDF]
Press Release: 02/02/10 - Mayor Holds Annual Budget
Community Development, Empowerment Zone [PDF]
Finance Department [PDF]
Knoxville Area Transit (KAT) [PDF]
Purchasing, American Recovery & Reinvestment Act [PDF]
Ten Year Plan to End Chronic Homelessness [PDF]
During a year when many city governments are cutting back on services Haslam and Finance Director Jim York indicated that the city will stay on course this year.

York reported that the city projects general fund revenues of about $163,048,170 for the 2010 fiscal year which ends on June 30 – or about $2.3 million less than the city expected to take in.

The city is responding to the shortfall by scaling back on spending by $2.3 million so that it should finish the year with a balanced budget. It is also expected to end the year with a fund balance, essentially the city’s savings account, of about $52 million.

“The credit for this goes to our employees who are keeping our expenses below the budget amount,” Haslam said after the meeting.

York said that much of the expected $2.3 million decline is due a continuing weakness in sales tax collections, though practically all of the city’s sources of revenue from beer and liquor taxes to building permits, court fines and federal and state funding are down.

He said that given everything that has happened in the economy breaking even this year would be a dramatically good result.

Both Haslam and York indicated to Council that the 2010-2011 Fiscal Year will be a very difficult one because revenues are expected to remain flat while the city faces increased personnel and operating costs.

“Going forward we’re going to try to maintain what we have and keep everything under control,” York said.

Haslam added that the city will maintain its funding for things like roads and sidewalks and public services next year.

“I think the commitment is to keep funding the necessary things…but you probably won’t see a lot of new initiatives,” he said.

Because there are five newly-elected Council members this year’s meeting also included a detailed look at how the city’s budget is structured including sources of revenues, its different funds and its expenditures.

The discussion also examined the different steps the administration and Council will go through between now and June to develop the city’s budget.
For Immediate Release
PRESS RELEASE INDEX
Add to Favorites
Adobe PDF Reader
Email Page
Font Smaller
Font Normal
Font Larger
Get Directions
Make Home Page
Print Page
RSS/XML Feed
Search A to Z List
Site Map
Traduzca en Español
Translate to More Languages
Dial 3-1-1 For City Services
311. One Number. One Call.
Click Here for Leaf Pickup Schedule
City Departments
Communications »
Community Development »
Community Relations »
Engineering »
Finance Dept. »
Fire Dept. »
Law Dept. »
Mayor's Office »
Parks & Recreation »
Plans Review/Inspections »
Police Dept. »
Policy & Redevelopment »
Public Service »
Special Events »
Sustainability »
List of All Depts. »
Phone List »
Promotions