Budget Process

The Town’s budget is based on the Fiscal Year July 1-June 30. The Town Council goes through a rigorous process for developing the annual budget and capital improvement plan. The process starts with the Town Council Annual Retreat to identify priorities for the upcoming fiscal year and beyond.  The Town Manager uses this input to develop the Town Manager Recommended Budget which is formally presented to the Mayor and Town Council.  This is followed by a number of meetings and a public hearing over several months to discuss the General Fund, Utility Fund, Five-Year Capital Improvement Plan, and Schedule of Rates and Fees.

Fiscal Year 2024 Budget

At the Town Council meeting held January 26, 2022, the Town Manager provided the proposed FY2024 Proposed Budget and FY2024 – 2028 Capital Improvement Projects. Below is a link to the Town Manager’s Proposed Budget Document and Presentation:

FY 2024 Proposed Budget Document; Line-Item Detail Report & Proposed FY 2024-2028 Capital Improvement Plan

Town Manager’s Fiscal Year 2024 Budget Presentation (January 26, 2023)

Hard Copies of the Fiscal Year 2024 Proposed Budget Documents can be viewed at Town Hall or at the Lovettsville Library.