City may see budget increase for 2020
By Taylor Hale
STEVENS POINT – The city of Stevens Point may see a budget increase for 2020.
City Finance Committee members discussed the 2020 budget and 2021-24 capital plan at a committee meeting on Sept. 9, with the 2020 budget slated to see a 2.6 percent increase – up to $5.85 million from $5.7 million in 2019.
The budget is intended to keep the city on a sustainable path, maintaining facilities, roadways, vehicle fleets, and other local government assets.
Ladick said that the budget still needs further discussion to solidify the projected figures.
“It was another challenging capital year,” Ladick explained. “We had a total of $11.3 million in requests for $5.8 million in capital, so we had to cut out (almost half) from what the requests were from the departments and what we were able to actually fund.”
No formal action was taken on the budget during the discussion. The budget will see further action during the coming October Finance and Council meetings.
To learn more about the 2020 budget and the 2021-24 capital plan, see meeting video at https://stevenspoint.com/451/Meeting-Videos.