FY20 Proposed Budget Snapshot

The following infographic provides a quick summary of the FY20 Proposed Budget. It is intended to be interactive; try clicking on different sections for a deeper dive on the topic in the FY20 Proposed Budget document. Click here to view the full FY20 Proposed Budget document.

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For mobile users: Smaller screens may experience issues with the interaction. See the table below the infographic for direct links to the relevant portions of the FY19 Adopted Budget document.

FY20 Adopted Budget Snapshot Total City Budget $677.9 Million, Up 9.5% from FY19 Adopted Budget Aa1 Bond Rating, The City’s rating outlook is stable, reflecting our expectation that the local economy and tax base will continue to expand, and that the City’s management team will deliver long-run structural balance featuring strong financial metrics. The City’s management team is also particularly strong, as evidenced by conservative practices and solid track record. - Moody’s Investors Service January 29, 2019 Where Does My Property Tax Dollar Go? $0.02 to Urban Renewal Agency, $0.09 to Lane County, $0.46 to schools, $0.43 to City of Eugene Why do we focus on the General Fund? 1. It is the largest fund. 2. It provides the only source of discretionary funding for the City. Pie chart breakout of top 4 funds by dollar share of the budget. How is the City property tax bill changing in the FY20 Budget? City Permanent Operating Levy up $42, City Local Option Levy for Library Operations $0 (no change), City Local Option Levy for Parks and Recreation $0 (no change), City Debt Taxes down $4, equals Total City Taxes up $38, and Urban Renewal Agency Taxes up $5 for a total tax increase of $43 How are we spending General Fund dollars: Hexagons showing 59% for Public Safety (Police, Fire, EMS) represents a majority of the 2020 General Fund Budget, 20% to Culture and Recreation Services, 12% to Central Business Functions, 9% to Infrastructure and Planning Key Financial Policies: 1. Focus on long-term impacts with six-year forecasts. 2. Maintain adequate reserves to provide financial flexibility. 3. Use one-time revenues for one-time expenses. Image of balanced scales: The General Fund is in cautionary status. Quote from Jon Ruiz, City Manager: While we continue to monitor potential impacts to our financial health, we have made great strides to position the organization for future challenges. The new fiscal year will find the City of Eugene optimistic, resilient and ready to respond to the needs of the community. Do we have an adequate savings account? The Reserve for Revenue Shortfall (RRSF) is the City's 'savings account' for the General Fund. It is used to weather the cyclical nature of economic cycles and to provide a cushion for unexpected events. Bar graph showing FY14-FY20 levels for the RRSF and the 8% target. FY14-17 are below the target. In FY18 through FY20, the RRSF is above the target level due to one-time funds from the Comcast legal settlement. The FY20 bar includes $4M in Community Safety Bridge Funding. A line graph showing whether revenues exceed expenses in fiscal years 20-25. Are we living within our means? The Surplus/(Deficit) shows if the City is living within its means or, put another way, if revenues are greater than expenditures. The General Fund is in stable position through FY21 (surplus), although a budget gap opens in the future as we look out at FY22 and beyond (deficit). Get Involved! www.eugene-or.gov/Budget