The budget was the main item of business at Monday night's Sheridan City Council meeting. Sheridan Media's Ron Richter was there and has the story.
After approving revisions to the budget for the current fiscal year, the City Council approved the budget for the next two fiscal years. City Clerk/Interim Treasurer Scott Badley says the two year budgeting process is something that is new for the City.
The General Fund budget for fiscal year 2015, which begins July 1, is for $11.2 million in revenues and expenditures. Although the budget numbers for 2016 are projected to be nearly the same, the City is estimating a slight increase in revenues that would put the budget in the black. Badley says that the budget reflects an upward swing in the local economy.
The Council also approved setting the tax for the next two fiscal years at 8 mills.