What is a fiscal year?
The City of Galveston's fiscal year runs from October 1st through September 30th. Fiscal Year 2016, often referred to in short as FY16, began on October 1st, 2015 and will end on September 30th, 2016..
The City is now making preparations for the FY17 budget process. FY17 begins October 1st, 2016.
How is the City budget adopted?
City Staff has prepared the Long Range Financial Forecast for FY17 through FY21 for Galveston City Council to review.
Additional reports will be provided to and during City Council over the next two months for review and discussion.
Once all details have been finalized, the Final Budget for FY16 will be placed on the agenda as an action item for City Council to adopt formally.