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Sherwood releases $26.1 million proposed budget

Total 2016-17 fiscal year budget 7.9 percent less than current year

The city of Sherwood released its proposed budget for fiscal year 2016-17, and the overall budget decreased 7.9 percent compared to the current year’s adopted budget.CITY OF SHERWOOD - The city of Sherwood expects PERS to significantly impact its budget during the next couple of years.

A press release issued by the city says the $26.1 million 2016-17 budget is balanced and “does not rely on any use of financial reserves.” The current adopted budget includes $12,066,777 for general fund operations, which is a decrease of 1 percent from the city’s current fiscal year funding.

The Sherwood Budget Committee public hearing process begins Thursday, May 12 at 6:00 p.m. at city hall, and all Sherwood residents and community members are invited to attend and take part in the deliberations. The budget committee planned additional meetings, if necessary, for May 19 and May 26, also at 6:00 p.m.

“In many ways, this can best be described as a status quo budget with minimal changes in our staffing levels,” Sherwood City Manager Joseph Gall said in a prepared statement. “While our local economy is strong and total revenues are relatively stable, I am concerned about the longer-term challenge of providing the level of public services that Sherwood taxpayers deserve and expect, especially with the impending increases in PERS (Public Employees Retirement System) costs starting next year and beyond.”

Additional information about Sherwood’s budgeting process is available by contacting Cathy Brucker, Sherwood’s interim finance director, at 503-625-4245 or by sending email to bruckerc@sherwoodoregon.gov.