Adopted Budget Projected Budget 2016-2017

INFRASTRUCTURE RESULT AREA SUMMARY

BUDGET HIGHLIGHTS

 The FY 16-17 Infrastructure Result Area Adopted Budget increases by just under $6.0 million, or 2.3% from FY 15-16. The increase includes a $3.6 million increase in the State Highway (Powell Bill) Fund to support additional resurfacing and street maintenance.  The FY 16-17 Transit Fund Adopted Budget increases the property tax allocation for the Transit Fund from 3.34 cents to 3.50 cents. Annually, this will generate an approximate $413,000 in additional revenue. Appropriated Fund Balance use decreases by $1,026,503, or 80.1%. The GTA Board is continuing to review opportunities to improve the long-term financial sustainability of GTA, including through service modifications.  The General Fund contribution to the War Memorial Coliseum Fund is increasing by $200,000 to $2.7 million in FY 16-17.  The FY 16-17 Parking Fund Adopted Budget includes $250,000 in Church Street Deck elevator maintenance.  The 16-17 Planning Department Adopted Budget includes the fourth increase of a multi-year phased increase to planning development fees. The fee increases are budgeted to increase revenue by just over $38,000.  The FY 16-17 Adopted Budget includes an increase of almost $100,000 in the General Fund transfer to the Solid Waste Fund from the previous year. The Solid Waste Budget includes a $250,000 transfer to the Solid Waste Capital Reserve Fund to continue preparing for future post-closure landfill costs and $775,000 for the replacement of major equipment at the Landfill and Compost Facilities.  The FY 16-17 Adopted Budget for the State Highway (Powell Bill) Allocation Fund increases by $3,575,000, or 45.6%. The FY 16-17 Net Total Adopted Budget includes an increase in the Motor Vehicle License Fee from $10 to $30. $18.50 of this increase will be credited to the State Highway Fund to support increased street resurfacing.  An enhancement of $75,000 was added to the GDOT Street Lighting budget in FY 16-17 to cover increasing utility costs.  The FY 16-17 Water Resources Adopted Budget includes a rate increase of 4.5% for residents inside city limits and 4.5% for residents outside city limits. This rate increase will result in a $1.83 increase per month for city residents and a $4.46 increase per month for non-city residents.

Adopted FY 2016-17 Budget

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