COVID-19 causes some fiscal adjustments for Biloxi budget
Biloxi leaders are hard at work putting the finishing touches on next fiscal year’s budget and the public will have the chance to make their voices heard on the issue.
City officials tell News 25 the budget for fiscal year 2021 will not raise taxes for residents, but they will see a 30 cent increase in garbage collection fees.
Leaders have had to make adjustments after $5 million in revenue was lost due to the COVID-19 pandemic, but revenue and expenditures will be almost evenly matched.
As of now, the projected operating revenue will be just over $63 million while expenditures will hover around $62.6 million. Vincent Creel with the City of Biloxi said, “We firmly believe in Biloxi that once this pandemic gets behind us, we’re going to be rocking and rolling, just like we were before the pandemic, just like we were before Hurricane Katrina. It’s a budget that, in this day and time, the mayor’s glad to be able to explain to people.”
A public meeting is scheduled for 5:15 p.m. at city hall tomorrow for residents to hear more and speak on the budget.
The city’s fiscal year runs from October 1st to September 30th each year and a city council vote on the new budget is expected to take place on September 15th.
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