May 20 2018
SHERWOOD, Oregon - otal Budget and General Fund Budget are Reduced Compared with Current Year
Today Sherwood City Manager Joseph Gall released the Fiscal Year 2016-17 Proposed Budget. In compliance with state budget law, the proposed budget is balanced, and does not rely on any use of financial reserves. The total budget proposed for FY2016-17 is $26,103,745, a 7.9% decrease from the current adopted budget for this fiscal year. This includes $12,066,777 million for General Fund operations, a 1% decrease from the current fiscal year.
"In many ways, this can best be described as a status quo budget with minimal changes in our staffing levels," said Joseph Gall, City Manager. "While our local economy is strong and total revenues are relatively stable, I am concerned about the longer term challenge of providing the level of public services that Sherwood taxpayers deserve and expect, especially with the impending increases in PERS costs starting next year and beyond."
The public hearing process will begin at the Sherwood Budget Committee on Thursday, May 12th at 6:00 pm with subsequent meetings scheduled for May 19th and 26th, if necessary. All community members are invited to attend and participate in the budget process. Please visit www.sherwoodoregon.gov/budgetcommittee/page/fy-2016-2017-proposed-budget for regular budget updates and to review the proposed budget.
For more information, please contact Cathy Brucker, Interim Finance Director for the City of Sherwood at 503.625.4245 or by email at firstname.lastname@example.org