FWB officials explain how municipal budgeting works and what the 3% spending cap means in practice

FWB officials explain how municipal budgeting works and what the 3% spending cap means in practice

The city’s roughly $65 million budget is not one pool of money officials can spend however they choose. Much of it is restricted by state law, tied to specific revenue sources or locked into obligations the city cannot renegotiate from year to year. That distinction has become a recurring point of discussion as the city operates under its voter-approved 3% spending cap, which limits annual increases to personnel costs across all city funds and …