A Woodstock city budget for fiscal 2018 that rolls back the millage rate, provides for hiring four new police officers and envisions no water rate increase has had its first reading at the City Council and will come back in June for a second reading and a vote to adopt.
The council is to take up the budget at its regular meeting starting at 7 p.m. June 12 in council chambers, 8534 Main St.
The budget envisions about $40.2 million in total revenues/expenditures, and the millage rate reduced to 6.801 mills from 6.992 mills, according to a recent budget presentation to the council. The highest the rate has been in recent years was 7.889 in FYI 2013 and 2014.
Recurring general fund revenues are projected to rise by 7 percent, and the net property tax digest is anticipated to be up 6 percent before appeals and exemptions. There would be a 2.5 percent cost-of-living allowance pay increase for city employees, and an increase in the police base salary pay for sworn personnel.
