Newberry Sets Tentative Budget at $25.8 Million

NEWBERRY – The City of Newberry is set to approve a $25,793,291 annual budget. A second public hearing was conducted at the Sept. 14 City Commission meeting. Following adoption of a preliminary millage rate, Commissioners approved a tentative budget for the 2020-21 Fiscal Year, which begins Oct. 1, 2020 and ends Sept. 30, 2021.

Director of Finance and Administration Dallas Lee provided a summary of the resolution adopting a tentative budget. “Budgeted funds are to pay for personal services, expenses, operating and maintenance expenses and other expenses, for capital outlay and for debt service requirements,” said Lee.

During the five budget workshops held by the Commission, direction was given to staff with regard to the preparation of the budget.

All revenue and other financing sources available to the City of Newberry total $15,485,206. With reserves of $10,308,085 and the $15,485,206 revenue and other financing, the City is setting a $25,793,291 budget for the upcoming fiscal year.

A second public hearing to determine the final budget amount will take place Sept. 28, at 7 p.m. Citizens are encouraged to participate as time will be set aside for comments and questions.

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