The Folsom City Council unanimously approved a balanced budget for the 2015-2016 fiscal year that will take effect July 1.
The spending plan approved at Tuesday’s City Council meeting reflects increases in the city’s major revenue sources and promising economic growth, allowing the city to restore and enhance city services. The budget represents Folsom’s fourth consecutive year adding to a rainy day fund, a key to long-term sustainability.
“Folsom’s balanced budget represents the city’s commitment to fiduciary responsibility and prudent, strategic planning,” said Mayor Andy Morin. “The City’s fiscal discipline has resulted in a healthy, balanced budget that focuses on investments in public safety, public infrastructure and recreation and leisure programs.”
More than 60 percent of local tax dollars are invested in police and fire services. The FY 2015-16 budget includes the hiring of three new firefighters and the replacement of a new fire engine and police vehicles.
An additional $500,000 in new funds was added to the Parks and Recreation Department’s $12 million budget to support a full range of recreational activities and park facilities. The Folsom Zoo will welcome a new “learning center” barn, as well as restored staffing levels and onsite improvements. The pool at Vista del Lago will now operate year-round, and the city will conduct overdue maintenance work at the Aquatic Center.
The FY 2015-16 budget also includes a capital improvement program for the upcoming fiscal year, which will fund public infrastructure in the city, including the widening of Green Valley Road between East Natoma Street and the El Dorado County line, Rainbow and Orangevale bridge rehabilitation projects and a LED streetlight retrofit project.
“We have reduced, reorganized and retooled for greater efficiencies without cutting core services or increasing taxes,” said City Manager Evert Palmer. “The city’s spending plan delivers results while protecting our city’s fiscal future in a new economy.”
The City of Folsom FY 2015-16 budget is available at folsom.ca.us.