Eugene City Manager Sarah Medary will present the FY23 Proposed Budget for the City of Eugene to the Eugene Budget Committee on Wednesday, April 27, 2022 at 5:30 pm. Information on how to access the meeting is available on the City’s website. The FY23 Proposed Budget Document is available on the City’s website.
“We aren’t proposing any major changes during this budget cycle,” said Medary. “This budget has a reasonable and responsible approach that sets us up for future success. Caring for the community, maintaining essential services and strong financial stewardship remain the bedrock of our focus.”
While the COVID-19 pandemic did not impact property tax revenues as was originally forecasted, the City is losing significant General Fund revenue ($3.2 million per year) from an FCC ruling related to Comcast revenues. At the same time, expenditures are increasing due to PERS cost increases of 24% in FY24 ($4.8 million per year), along with higher inflation. These changes contribute to a significant gap in revenues and expenses requiring cost reductions and other course corrections for the fiscal year that begins July 2023.
The City is preparing for that course correction by shifting to a Priority Based Budget approach. With Priority Based Budgeting, the City can better evaluate where it’s investing tax-payer dollars, encourage more creative conversations about services, and identify the critical programs that meet community and organizational goals.
The Budget Committee is a standing committee that reviews the proposed operating and capital budget each fiscal year and makes a recommendation on the budget to the City Council for final Adoption. The Committee is composed of an equal number of City Council members (8) and appointed citizen members (8). In addition to the April 27 meeting, the Committee will meet virtually on the following dates:
- 5:30 p.m., Wednesday, May 11: Budget Deliberation and Public Comment
- 5:30 p.m., Wednesday, May 18: Budget Deliberation and Public Comment
- 5:30 p.m., Wednesday, May 25: Public Comment and recommendation
- 5:30 p.m., Monday, June 27: City Council Public Hearing and Action