Lebanon City Council was provided an overview of the proposed budget for the fiscal year 2023. Finance Director Kat Gill shared that the carry over’s for appropriation is around $26.9-million and she is projecting around $54-million in revenue. Appropriations will be around $67-million. Gil said the budget doesn’t contemplate any additional salary adjustments and will leave 10 positions unfunded…..
Gill said they are expecting an increase in insurance cost, and expect a 19.4 percent change in benefit costs. Gill said overall the city is in great shape financially but continues to budget conservatively, and if the economy takes a downturn, they will be able to handle it. Lebanon City Council will vote on the fiscal year 2023 budget on May 23rd.