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City of Algoma finishing up 2021 budget

The City of Algoma has nearly assembled its operating budget for the next year.  City Treasurer Amber Shallow says a balanced budget was presented to the City Council at the Finance and Personnel meeting last month.  She says a few changes may come after the public hearing which is scheduled for 6 pm on November 2nd.  She says one budget item that will be discussed is the maximum levy that is allowable.

 

 

The City of Algoma will then likely adopt the final budget proposal at a special council meeting held immediately after the next Finance and Personnel meeting on November 17.  Shallow adds that the revenue raised by the city is predominately from property taxes which did not see a reduction.  Some revenues that did fall were from the accommodation tax for hotel stays but the vast majority of that money gets passed on to the tourism promotion committee.  You can find the City of Algoma preliminary budget here.

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