Town Of Moraga

Fiscal Year 2016/17 Budget Update

Town staff continues to work on development of the FY 2016/17 budget with a focus on long-term fiscal sustainability. The original Town Council’s minimal government philosophy fixed property tax revenues at the rate of 5.3% (or just under $3.5 million in FY 2015/16) which means that only 5 cents of every property tax dollar paid returns to the Town to pay for basic services expected by the community and to adequately fund current and future infrastructure needs. Presentation of the various elements of the budget to Town Boards, Commissions and Committees at public meetings over the next few weeks will offer multiple opportunities for community input in the budget development process. Town staff expects to present a balanced budget to the Town Council for final consideration in June.

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