~Capital Improvement Program~ Attached within this budget document is the 2022-2026 CIP for all City Departments and Divisions. The Capital Improvement Plan addresses several key infrastructure initiatives for streets, parks, the water system, and facility improvements. ~Interest and Sinking Fund~ This particular fund is utilized to address the principal and interest payments on debt acquired by the City. In FY 2021 the Interest and Sinking fund tax rate was set at $.151394. The FY 2022 proposed I & S tax rate is $.1 25019 per $100 of property valuation. ~Conclusion~ The FY 2022 budget demonstrates our financial diligence and steadfast commitment to provid- ing residents and business owners with quality public services , c oupled with our unwavering focus on funding maintenance projects previously deferred, relat ing to roads, alleyways, under- ground infrastructure , and City-owned buildings . These improvements are a hallmark of our conservative budgeting strategies and goals first est ablished in 2011 for FY 2012. Since that time, the City has consistently improved its monetary health and stability.
Sincerely,
Brandon Wright City Manager
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