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4 results for “bond funding” · other

  • Fiscal Year 2023-25 Overview of the City Budget Process City of Oakland

    Oakland, CA
    Other

    The City of Oakland's fiscal year 2023-25 budget overview describes the city's biannual budget process, which runs from January to June and must result in a balanced budget by June 30. Oakland's total annual budget is approximately $1.7 billion, comprising 62 percent Restricted Funds (grants and voter-approved bonds designated for specific purposes) and 38 percent General Purpose Funds (primarily tax-supported and flexible). Revenue sources include taxes (51 percent), service charges, fines, licenses, and permits (15 percent), bonds and other sources (14 percent), transfers (12 percent), and grants and subsidies (8 percent). The largest departmental allocations are Non-Departmental (23.9 percent), Police Department (21.2 percent), Fire Department (11.5 percent), Oakland Public Works (10.3 percent), and Human Services (7 percent). Property taxes contribute less than 26 cents per dollar to the city, with the remaining amount distributed to other government agencies including Alameda County, Oakland Unified School District, AC Transit, and others.

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Fiscal Year 2021-23 Overview of the City Budget Process City of Oakland

Oakland, CA
Other

Oakland's Fiscal Year 2021-23 budget overview describes the city's biennial budget process conducted from February to June, requiring a balanced budget by June 30. The city's total annual budget is approximately $1.7 billion, funded through taxes (51%), service charges, fines, licenses and permits (15%), bonds and other sources (14%), transfers (12%), and grants and subsidies (8%). The budget is divided into Restricted Funds (62%), which must be used for specific purposes mandated by grants and voter-approved bonds, and General Purpose Funds (38%), which are tax-supported and flexible for various city services including public safety. Of every property tax dollar paid, the City of Oakland receives approximately 26 cents, with the remaining 74 percent distributed to other government agencies including Alameda County, OUSD, AC Transit, and BART.

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  • City of Worcester Financial Overview Timothy J. McGourthy

    Worcester, MA
    Other

    This financial overview document presents Worcester's fiscal structure and priorities as delivered by Chief Financial Officer Timothy J. McGourthy. The city operates under significant state-mandated constraints, with approximately $920 million in FY25 budget revenue derived from limited sources (state aid, property taxes, local fees), while discretionary municipal operations comprise only 22% of total spending due to mandatory obligations in education, debt service, and pension costs. Worcester maintains a Financial Integrity Plan established since 2006 that includes a general fund reserve of 10.7% for FY25, an irrevocable OPEB trust, and a net free cash policy directing funds toward bond rating stabilization, OPEB obligations, and operations, with an average residential tax bill of $5,266 funding services ranging from K-12 education and public safety to libraries and public health services.

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  • Tn

    Nashville, TN
    Other

    This presentation by the Tennessee Division of Local Government Finance introduces new budget and debt manuals for local governments, approved by the State Funding Board in June 2021 pursuant to Tenn. Code Ann. § 4-3-305. The Debt Manual provides guidance on forms, procedures, and uniform processes for various types of local government debt issuance (bonds, notes, lease financings, and loan agreements) across multiple entity types, and outlines oversight requirements at federal and state levels, including comptroller pre-approval for lease financings effective January 1, 2022.

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    budgetdebt managementlocal government financebond issuancecompliance
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