On March 19, 2018, Glenys Salas, Saco's Finance Director and Kevin Sutherland, City Administrator, presented the Fiscal Year 2019 budget to the City Council. The directive budget had no increase to the Mil Rate, in line with City Council directive. The recommended budget had a small City Mil Rate decrease of $0.09 and a School Mil Rate increase of $0.46 for a net Mil Rate increase of $0.37.
This year, the Finance team added more visualizations and graphics to enhance the budget process. You can find the budget documents here.
Some of the highlights from this year's budget are:
- Eliminates the strain on current City services and returns the City of Saco to a path of sustainable growth;
- Makes more robust use of funds available in TIFs to reduce the tax burden on homeowners; and
- Includes a 30% savings on fuel and a 50% savings on printing costs
The Council is working through their due diligence to get a completed municipal budget that provides sufficient support for Saco's Best-in-Class City Services while also keeping tax rates as low as possible.
On May 7, 2018, the City Council held a public hearing for the proposed FY2019 municipal budget. The budget vote will take place on May 14th. The meeting will be recorded, live streamed on the City of Saco Government Facebook page, and aired on TATV.
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