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Mar 28

2016 Budget SURPLUS

Our 2016 budget audit results are in.

 

The 2016 fiscal year for the City of Manitowoc ended with over a half-million dollar SURPLUS.

 

Over the past few years, we have been working diligently on controlling our costs and getting our budget balanced. We have gone from budget deficits to budget surpluses throughout the 8 years I’ve been mayor.

 

Additionally, this surplus affirms that we are in compliance with our undesignated reserve fund policy of 15% (see photo for details).

 

What does this mean moving forward? We will not be building up a large “war chest” year after year. It means we will be able to control taxes without massive increases and invest these dollars back into roads, parks, or city services we provide without going further into debt or raising taxes.

 

This is clear and factual data which proves that the City of Manitowoc has been operating its budget very responsibly the past few years.

 

Vote on Tuesday, April 4th to re-elect someone who has a proven record of success with your tax dollars.