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.
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