The Lake City City Council has announced the date for a public hearing for the community’s Fiscal Year (FY) 2019 proposed budget. City officials expect the budget to be published in the next few weeks and will hold a meeting on Monday, March 5 to hear any concerns from the public. Current estimates place revenues at approximately $2.6 million and expenditures at $2.3 million. Administrator, Eric Wood, is pleased with the budget’s current position and says it falls right in line with numbers from the last few years. The combined property tax rate in Lake City is set to drop about four cents in the next fiscal year, but he adds that increases in property values should make up for the difference. The hearing begins at 5:30 p.m. in the council chambers at city hall. Members of the public are encouraged to attend.
