The City of Flint releases budget for Fiscal Year 2014

EFM Ed Kurtz has released the new City of Flint budget.

The City of Flint's Emergency Financial Manager, Ed Kurtz, has released the city's budget for Fiscal Year 2014 (FY 2014).

The budget notes the many challenges facing Flint going forward. The largest challenge is a continued drop in property values, which means a potential loss of $3.5 million in revenue for the city.

Another problem is the loss of $2.5 million in major grant money. Additionally $1 million is committed to reducing the city's accumulated $19.3 million deficit.

In terms of public safety, the budget says police and fire staffing should remain level for FY 2014. However, going forward the loss of grant money could mean the loss of fire fighters after FY 2014.

Additionally, the ability to address blight in the City of Flint will be "significantly less" for FY 2014.

The city's parks will also be affected by the revenue losses. Going forward there will be "minimal maintenance" of the parks. The city will continue to mow the parks, though that is all that can be expected in FY 2014.

Kurtz's budget also says that city streets will not be repaved for FY 2014. Instead the city will crack seal streets in order to prolong their life.

To repave the streets would cost $20 million. Crack sealing, by comparison, will cost an estimated $200,000.

Some good news for Flint residents in the budget? That overall the cost of city services will decrease by an average of 7% for FY 2014.

The budget also says there will be no increase in water or sewer rates.