Council Approves 2023 City Budget with Amendments | City of Lebanon
Council Approves 2023 City Budget with Amendments | City of Lebanon
At the close of the December 14, 2022 public hearing on the proposed 2023 Municipal Budget, Lebanon City Council took action to adopt the budget with amendments and including authorizations for the City Manager to:
- Expend $38,460,840 for General Fund, an increase of $88,600 from the proposed budget
- Expend $4,916,230 for Solid Waste Disposal
- Expend $4,436,960 for Water Treatment and Distribution
- Expend $7,862,020 for Sewage Collection and Disposal
- Expend $2,035,470 for Municipal Airport Operations
- Expend $25,000 for Emergency Preparedness
- Expend $400 for Historic Resources and Preservation Efforts
- Expend $623,770 for the Downtown Lebanon Tax Increment Finance District
- Expend $10 for the Airport-Tech Tax Increment Finance District
- Expend $39,255,540 for Capital Improvements and Acquisitions
- Issue bonds or notes in the amount of $17,022,970 to finance 2023 capital projects
- Apply for Clean Water State Revolving Fund Loans for up to $1,387,250
- Apply for Drinking Water State Revolving Fund Loans for up to $3,103,500
- Disburse Water Investment Fee Funds of up to $175,000
- Expand the purpose of the existing Police Department Capital Reserve Fund
- Establish a new Public Assistance Revolving Fund
- Transfer unencumbered appropriated funds of up to $1,325,000 from Fiscal Year 2022 to other municipal funds, an increase of $50,000 from the proposed budget
Original source can be found here.
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