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On Tuesday, June 23, the City Council approved the following appropriation for the Fiscal Year 2021 budget:FY21 BudgetGeneral Government: $11,189,158Public Safety: $10,196,871Public Works: $4,966,056Public Services: $2,521,727Debt Service: $2,876,539Capital Outlays: $1,361,047Contingency: $500,000 Total: $33,611,398City Estimated Revenues Other Non-Property Tax Revenue: $7,561,866State Revenue Sharing: $1,987,500Homestead: $1,144,521BETE: $ 350,000Appropriations from Operational Surplus, City: $ 550,000 Total Estimated Revenues and Appropriations: $11,593,887
With the budget as approved, the expected tax rate for FY21 would be $20.05, assuming there is a positive vote at the July 14 School Budget Validation Referendum Election. With the increase in the Homestead Exemption for FY21, qualifying residents with homes valued at less than $1.45 million could expect to see a property tax bill decrease at this new tax rate.
The Fiscal Year 2021 Budget Process first began on Thursday, March 5 when the City Manager presented the budget proposal to the City Council.
Due to the current public health crisis, our Councilors and staff shifted away from budget work for a period of time in order to focus on the immediate needs of our residents. Additionally, priorities and considerations for the upcoming year shifted in the face of our changing world. The City Manager presented a revised version of the budget to the City Council on May 12, 2020.
The City Council discusses and motions to adjust the budget proposal during Budget Committee Meetings.
Public Hearing Notice - This Public Hearing Notice reflects the proposed FY21 Budget as moved from the Budget Committee to the City Council.
The School Budget is created by the Superintendent of Schools and the School Committee but is given final approval by the City Council and voters. Visit the Biddeford Schools website for detailed information on the 2020-21 Budget.
Visit biddefordmaine.org/FY21budget to review the original Fiscal Year 2021 Budget Presentation and Budget Book.