The FY04 Budget totals $646 million and does not include an ad valorem tax millage increase. This is the 15th consecutive year that no adjustment has been made to the city’s ad valorem tax rate to fund government services. The rate remains at 6.539 mills.

The Enterprise Funds Budget for FY04 is 2.4% or $5.3 million higher than the FY03 budget mainly due to proposed Parking, Wastewater and Solid Waste rate increases offsetting Water Department operating costs reductions. Enterprise funds are self-supporting - they are not funded through general revenue or property taxes; instead user fees support the specific functions.