The City Treasurer submits a monthly report to the City Clerk which is reviewed by the Board of Alderpersons at its meetings. The Treasurer also prepares an annual budget which is presented in a Public Hearing at a meeting of the Board of Alderpersons. This is usually held in the fourth quarter of the year. After this hearing, the Board votes to approve the budget.
In 2015, the draft Budget for 2016 was presented at the October Board of Alderpersons meeting. It was formally presented in a Public Hearing immediately prior to the November 30th Board meeting. Following the Public Hearing, the 2016 Budget was unanimously approved with no changes to the draft Budget.
Charts for the 2016 Budget and a Budget Summary are posted below. They explain the city's expenses and sources of revenue.
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