City forecasts fund balances totaling $18.7 million dollars at the end of 2013. The city's budget reports twenty-six fund balances in six fund categories;
table summarizes balance totals by category.
The general funds balance includes $1.7 million dollars assigned for 'Rainy Day' (assigned to be unassigned), $1.2 million dollars assigned for 'Economic Development Initiatives' and $1.3 million dollars assigned for 'Projects/Programs'.
Dissatisfied with funding levels, city officials are currently offering residents two options: adopt an income tax or suffer a 9.5% millage increase.
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