Annual Operating Budget and Capital Improvement Program (CIP)
The City's fiscal year runs from July 1st through June 30th ( ie. FY2020 is July 1, 2019 to June 30, 2020 ). Each year the Mayor, City Administrator, and Director of Budget and Personnel Services, with the assistance of the Department Heads, prepare the spending plan for the City, which is the Mayor's Proposed Budget.
Capital Improvement Program and Budget
The Capital Improvement Program (CIP) is a fiscal plan, or a schedule for financing public improvements over a period of time. Capital Improvement Programming enables a community to reconcile its need for public improvements with its ability to finance the improvements.
City Code requires that the Mayor and City Council adopt a CIP budget each year. Charter Resolution 162 changed the adoption date of the CIP from February 28 each year and incorporates it with the adoption of the General Operating Budget on June 30 of each year. Click on the link below to access the most recent Capital Program and Budget.
We are very interested in your comments about the City's Budgets, won't you take a moment to send us your comments?
Questions or Comments?
If you have questions or comments, or need information regarding the City's Budgets, please call the City of Laurel, Department of Budget and Personnel Services at 301-725-5300, ext. 2236, or you may e-mail us.