Citizen Budget Review Committee
FINDINGS AND RECOMMENDATIONS ARE PRESENTED TO THE CITY COUNCIL
WHAT IS THE CITIZENS' BUDGET REVIEW COMMITTEE?
In 2009, with the consent of the City Council, City Treasurer Eliot Finkel formed the Citizens' Budget Review Committee to critically evaluate the budget process and provide ideas for creating additional revenue or spending cuts.
"Considering the magnitude of the economic crisis and the shortfall the City faces, we wanted to involve the community more directly," said City Treasurer Finkel. "Our City is privileged to have many knowledgeable and experienced residents and business people who can provide additional insight into the economic situation and the community. The City also wanted to make the budget process more transparent to our citizens."
In 2009, the Committee was presented with an overview of the City's budget process, culminating with a report to the City Council.
Following this presentation, the City Council invited the committee to continue meeting on a regular basis to review the City’s revenues, expenditures and format of the City's budget. The committee currently meets the first Wednesday of each month with more frequent meetings March - June when the budget is being prepared. The Committee’s report on the 2010/2011 budget can be found here.
CITIZENS' BUDGET REVIEW COMMITTEE CREATES NEW OUTREACH TOOLS
The Citizens' Budget Review Committee recently developed a short video highlighting where the City has been financially, where the City is now, and where the City is projected to be in the future.
On June 7, 2011, the Citizens' Budget Review Committee presented to the City Council a status report, which highlighted the work they have done since 2009. Also included were findings and recommendations related to the Fiscal Year 2011/12 budget and budget process.