On Tuesday, Tuscaloosa Mayor Walt Maddox laid out his 2015 budget proposal in the newly renovated council chambers.
The proposed general fund fiscal budget is a little over $132 million and includes a 1.6 percent cost of living increase for city employees. Maddox said health insurance premiums will remain unchanged.
Maddox says city-funded agencies will not see any increases. The fiscal budget includes a $1 adjustment for garbage rates. There will also be a slight increase in water and sewer rates.
Maddox told the council that the city's sales tax revenues are projected to be less. But the mayor is looking ahead to more business growth, which could increase those numbers.
"I am as optimistic as I've ever been about our future. You look at the new retailers that are coming into our market. The amount of new tax dollars about to come on the tax rolls this year, next year and years ahead. We've got a lot to be excited about," Maddox said.
Before approving the 2015 fiscal budget, city council will hold a series of budget meetings.
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