06/26/2019 | Press release | Distributed by Public on 06/27/2019 02:16
On Monday, June 24, the Eugene City Council held a public hearing and adopted the fiscal year 2019-2020 (FY20) budget for the City of Eugene.
'I want to thank the Budget Committee, Council and staff for their on-going commitment to sound stewardship of our community's resources,' said City Manager Jon Ruiz. 'As we look ahead, we will continue to monitor potential impacts to our financial health while responding to the needs of the community and fulfilling the promises that have been made.'
The City Manager's Proposed Budget, presented in April, included targeted, one-time funding for several initiatives, including those that will impact the safety and livability of the community. The Eugene Budget Committee heard public comment, reviewed and deliberated on the proposed budget during four meetings throughout April and May.
After receiving public input, the Budget Committee voted to recommend adoption of the FY20 Proposed Budget with the following additional funding recommendations:
FY20 Budget for Eugene Urban Renewal Agency
Acting as the Urban Renewal Agency Board of Directors, the City Council also approved the FY20 Budget for the Eugene Urban Renewal Agency. As part of that budget, the Agency allocated $8 million of Riverfront Urban Renewal funds for the Riverfront Park and $4 million for the Riverfront Plaza. Funds will come from Riverfront Urban Renewal funds.
The new budget will go into effect on July 1, 2019. Once the document is finalized later in the summer, the adopted budget will be posted on the Budget web page, and the Open Budget website will be updated with the FY20 Adopted Budget and Capital Budget data. Also see the Proposed Budget, approved Budget Committee motions and other agenda materials.
FY19 Supplemental Budget
City Council also held a public hearing and adopted the second supplemental budget for FY19. See the Agenda Item Summary for the FY19 Second Supplemental Budget.