Council Moves Fiscal Year to October to Allow Study
To give incoming members more time to review the city’s estimated $50-million budget, the City Council has moved the beginning of its fiscal year from July to October.
City officials said the July 1 beginning of the fiscal year did not give new council members enough time to evaluate the budget. Newly elected council members typically take office the third week in April.
The change in the fiscal year will take place Oct. 1, 1999. City officials will approve a 15-month budget in coming months that will last from July 1 through Sept. 30, 1999, as part of the transition.
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