With growth comes higher expenses and Princeton City Council took its first look at a proposed fiscal year 2017-‘18 budget that is expected to increase about $4.5 million from the current year budget.
“This is very preliminary,” City Manager Derek Borg said. “We still have work to do.”
The council went over budget figures in a workshop held Monday, July 10.
Preliminary figures show $9.5 million in general fund expenses, up from $6.08 million, with matching revenues. Utility fund expenses, for water and sewer services, are pegged at $8.9 million, up slightly from this year’s budgeted amount of $8.3 million.
By Joe Reavis • Staff Writer • [email protected]
For the complete story see the July 13 edition of The Princeton Herald or click here for the e-Edition.