Buford planning increase for 2016 budget
Buford Commissioners presented the Fiscal Year 2016 Budget Monday evening during the Commissioners meeting and public hearing on the budget. Total revenue is projected at $107.8 million, representing an 11 percent increase over 2015’s $97 million. A surplus of $1.5 million is projected.
The increased revenue comes from growth and increased property values in Gwinnett and Hall counties as well as projected revenue from gas at $35.2 million and electricity at $19.2 million. The new budget includes a $43.3 million operating budget, up from $34.1 million. The Enterprise Fund for the city’s Community Center would be $1.1 million, compared to $923,700 currently.
The proposed budget includes plans to build a 250-space parking lot near Main Street on East Moreno Street and raises for city employees.
Commissioners hope to approve the budget at the next meeting: 7 p.m. Aug. 3 at City Hall, 2300 Buford Highway.
