Monday, March 10, 5pm, City Hall
Mayor reports on FY 2013-2014, lays out goals for 2014-2015 in State of the City address
Saturday, March 15
Mayor begins to review departmental budget requests with department heads
Saturday, March 22, 9:30 AM to 3:30 PM, Hartford Public Library, CCC
People’s Budget Hands-On Session
Purpose: for participants to identify budget priorities, prepare a balanced City Budget, and present their recommendations to Mayor and Council members
COW: Budget Introduction
Wednesday, March 26, 2014
6 to 8 PM
Council members will meet as a Committee of the Whole to hear this year’s initial presentation by the City Administration on the financial environment for developing the City’s 2014-15 budget. The presentation will cover revenue and expenditure projections and budget priorities and will be followed by the opportunity for questions, answers and discussion by Council members.
Saturday, March 29
Mayor completes review of departmental budget requests.
COW: Capital Budget, Debt Service, Pension Fund
Monday, March 31, 2014
5:30 to 7:30 PM
Council Members will meet as a Committee of the Whole to hear a second presentation by the Administration on the financial environment for development of the 2014-15 Budget. The presentation will focus on three components (see below) and will be followed by the opportunity for questions, answers, and discussion by Council members.
· Capital Budget: Ongoing projects, proposed projects, sources of financing
· Debt service: Current level, expected/upcoming bond sales and/or refinancing, considerations for increasing the level of debt service
· Pension Fund: Valuation report, investment report, Actuarial Determined Contribution (ADC) amount (formerly the ARC)
Friday, April 18
Mayor finalizes departmental funding recommendations.
Monday, April 21
Mayor submits the Mayor’s Recommended Budget to the City Council through the Town & City Clerk
Tuesday, May 13
Budget hearings for the following departments:
Thursday, May 15, 2014
Reconvening recessed Council metting of May 12th, at 12pm to begin deliberations on the Mayor's Recommended Budget for FY 14-15.
Saturday, May 31st
City Council adopts FY 2014-2015 budget
February 2 - COW Meeting 1*
March 6 - COW Meeting 2*
March 14 - The People’s Budget Part 1*
March 21 - COW Meeting 3*
March 24 - The People’s Budget Part 2*
April 15 - Mayor submits the Mayor's 2013-2014 Recommended Budget to the Court of Common Council through the Town City Clerk
April 17 - Telephone Town Hall- English* — sign up here!
April 18 - Telephone Town Hall- Spanish* — sign up here!
April 24 - Annual Public Hearing*
May 21 - City Council submits budget to the Mayor back to the Mayor
May 31 - Budget is Adopted
*Open to the Public
Draft Capital Improvement Plan is released.
Departments submit preliminary revenue and expense estimates to the Office of Budget and Management (OBM) and the Mayor.
The Mayor holds public hearings on the proposed Preliminary Budget that allow the public to provide input on the development of the City budget; OBM receives detailed budget requests from departments; OBM holds a series of hearings with each department. On April 15, The Mayor submits a proposed budget to City Council for review.
Departments deliver detailed presentations of their budgets to City Council; Additions or changes to the proposed budget are considered. On May 21, City Council submits it’s recommended budget back to the Mayor. On May 31, The Budget is adopted. The Budget is available for public review.
End of Fiscal Year 2012-2013
Fiscal Year 2013-2014 begins.