City Counil Approves Budget

The Mexico City Council held a public hearing to approve the 2018-2019 fiscal year budget.

The newly approved balanced budget will run from October 1, 2018 to September 30, 2019.

The total budgeted revenues total $14,046,430, with expenditures estimated at $15,416,767. The $1.3 million dollar deficit will be fulfilled by project reserves and unreserved fund balances.

The council also approved some changes for Teal Lake Village that is nearing completion. Crews encountered some soft soil and asked for the council to approve the planned playground to be placed in a location in the southwest corner instead of a residence.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s