The City Charter requires that the City Council set and conduct a Public Hearing on the Budget. This year the City will hold two public hearings to coincide with the two public hearings that are to be held on the tax rate. August 14, 2018, and August 28, 2018, are the dates City Council set for the public hearings on the budget.

The City Charter mandates that no other business may be conducted at these hearings. As stated in the City Charter, a Notice of Public Hearing on the Budget must be published 5-15 days prior to the hearing. The notice for the first public hearing was published on August 2, 2018, in the Allen American newspaper, and the notice for the second public hearing will be published on August 16, 2018, in the Allen American newspaper.

The FY 2018-2019 Proposed Expenditure Budget totals $222,518,779 for all funds. The FY 2018-2019 Proposed Revenue Estimate plus beginning Fund Balance totals $305,762,620 for all funds. Please refer to the attached Combined Budget Summary for further details.

Staff recommends the City Council conduct a public hearing and announce that the City Council will vote on the FY2019 budget at the September 11, 2018, City Council meeting at 7:00 PM at Allen City Hall, 305 Century Parkway, Allen, Texas.