2014 CITY BUDGET

The City Council passed the city’s fiscal year 2014 budget with a slight tax increase. FY 2014 tax rate: $3.40 FY 2014 tax bill on a $100,000 home: $850 Originally proposed spending plan: $622.5 million Final approved plan: About $620 million, down from $648.4 million

KEY SAVINGS

Reduce employees by 300: $9.4 million Transfer streetlights to MLGW: $6 million Reduce police budget by 2.5 percent: $5.9 million

KEY ADDITIONS

Restoration of 4.6 percent pay cut: $12.5 million New taxes for reserves, debt service: $9 million Health care premium increase: $4.2 million