News release from the City of Fort Wayne:
Mayor Henry releases balanced 2012 Budget, holds spending flat for 4th year in a row
Budget pays down debt, maintains strong Finances, provides quality services
(September 23, 2011) â€” Today, Mayor Tom Hemy released the proposed 2012 budget for the City of Fort Wayne. The budget reflects Mayor Hemy’s commitment to keep the City of Fort Wayne’s finances strong while continuing to provide quality services to residents.
“Our 2012 budget is balanced and, for the fourth consecutive year, will hold spending flat,” said Mayor Tom Hemy. “Additionally, we will substantially reduce the debt, keeping us on track to pay down 40% of City debt by 2015. But most importantly, our budget maintains our strong City Finances without cutting the vital services our residents depend on.”
Facts about Mayor Henry’s 2012 budget:
[li]Holds City spending ?at for the fourth year in a row.[/li]
[li]Contains no new debt.[/li]
[li]Pays down $16 million of the City’s debt next year, while keeping Fort Wayne on track to pay down 40% of City debt by 2015.[/li]
[li]Completely balances expenses and revenue, without major cuts to City services.[/li]
“We’re continuing to do more with less, find innovative solutions to save money, and keep our City finances strong and sound. I look forward to working with City Council to pass this budget so we can continue to do the business of the City and provide the high quality
services that our residents expect,” said Mayor Henry.