New Fiscal Year Budget Takes Effect

The Folsom City Council approved a $206 million balanced budget for the 2018-19 fiscal year starting July 1, marking the end of an annual process of evaluating the city’s fiscal health, community priorities, infrastructure needs and daily operations. The budget represents a $4.2 million increase over last year’s adopted budget.

The budget reflects a growing economy and a steady increase in major revenue sources. The City finished the 2017-18 fiscal year with a surplus, marking the seventh consecutive year of adding significant savings to a rainy day fund. This budget preserves and enhances the fundamental priorities of the community and maintains a sustainable budget that addresses the city’s priority programmatic needs. The budget includes an operating budget for day-to-day city programs and services, and a capital improvement program which funds public construction projects and infrastructure. The spending plan includes: 

Infrastructure
Green Valley Road widening
Empire Ranch traffic signals
Oak Park trail undercrossing
Lake Natoma Class 1 Trail
Street resurfacing
Davies Park improvements
Aquatic Center pool renovation

Public Safety
New Fire Station 39 opening in Empire Ranch
Three new police officers
Six new firefighters
Two new fire engines
Police vehicle replacement
Fire Station 38 renovation and modernization
A contract for a community prosecutor

City Services
Extended Sunday library services
Field lighting controls
Expanded animal exhibits at the Folsom City Zoo Sanctuary

For more information contact Terri Hemley at themley@folsom.ca.us or 916-461-6083.

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