With a tax rate kept the same from last year and a slightly reduced general fund balance, Bellaire City Council has approved the fiscal year 2020-21 budget.
The council unanimously voted to approve the city’s fiscal year 2020-21 budget Sept. 21, which includes total revenues of nearly $59 million and expenditures of almost $60.8 million.
The city’s general fund, which makes up about $21 million of the total approved budget, has seen increases in revenue and expenditures compared to last year.
However, expenditures budgeted in the general fund for FY 2020-21 have overtaken revenue, at $21.59 million versus $21.44 million, according to documents for the approved budget. Last year's budget had Bellaire projecting $21.28 million in revenue and $20.68 million in expenditures.
