Each spring the City prepares a budget for the coming fiscal year. The budget process starts with a preliminary budget that is presented to the public and a public hearing is held wherein the citizens can express their views on the budget. The City Council will then take several weeks to discuss proposed modifications to the preliminary budget. The Council will then pass a final budget by the state mandated deadline in June.

During the year, additional financial issues may arise which the City Council has to address. The City will usually amend its budget once in the middle of the year to address those issues. Finally, toward the end of the fiscal year, the City will amend its budget one more time to address the financial issues that have changed since the mid-year budget amendment.