2.c.
Council Work Session
- Meeting Date:
- 06/01/2020
- TITLE
- Tax Increment Budget Presentations
- PRESENTED BY:
- Andy Zoeller
- Department:
- Finance
RECOMMENDATION
Staff recommends City Council approve FY21 Tax Increment Fund budget at its June 22, 2020 meeting.
BACKGROUND (Consistency with Adopted Plans and Policies, if applicable)
The budget overview for the City of Billings Tax Increment Districts can be found in the Proposed Budget book beginning on page 186. Individual fund pages for each district are also included in the budget, and can be found beginning on page 37
ALTERNATIVES
City Council may:
- Approve, the budget as proposed or;
- Make adjustments to the proposed budget for future adoption.
FISCAL EFFECTS
The Proposed FY21 budget includes expenditures from the Tax Increment totaling $8.0 million. Estimated revenue across all districts is $7.7 million.