1.
Revenue 2008/2009: $42,664,809
Revenue 2009/2010: $43,086,929
Salaries 2008/2009: $18,000,000
Salaries 2009/2010: $21,000,000
Since last year the total revenues in the city of Urbana have increased by 1.3 percent with salaries increasing 16.6 percent. The traditionally rising cost of living contributes to these ascending rates; however the salary rate has gone up more than revenues. Perhaps this is due to the recession in the economy. Urbana has predicted a brighter future in the next fiscal year as the economic standpoint of the United States will hopefully begin to recover.
2.
The biggest source of income is fees and other at 28 percent, followed by property tax at 25 percent, sales tax at 21 percent, state and federal at 16 percent, and utility tax at 10 percent. The biggest expenditures are in Personnel Services which uses 51 percent of the budget followed by Operations & Contractual at 25.56 percent, Capital Outlay at 19.83 percent, and Materials & Supplies at 3.61 percent.
3.
- How has the economic recession affected Urbana?
- How will it continue to affect Urbana?
- Over half of the city’s budget is for salaries. Is this typical? Compared to other years? Other cities?
- How has increased sales tax affected the community? What do citizens think about it?
- What will happen if operating revenues and expenditures do not break even in 2009/2010?
- How sure of a thing is the money from the stimulus package?
- Will the highway project need more money than supplied by the stimulus grant?
- How are citizens expected to react to this highway project?
Expenditures
2009/2010: $88,607,661
2008/2009: $92,087,284
Income
2009/2010: $43,086,929
2008/2009: $42,111,130
