Government
Watertown City Budget Looks Strong in Current Fiscal Year, Next Year Could be Tighter
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Watertown City Manager George Proakis gave his second Preliminary Budget Overview on Tuesday. City officials got some unexpected good news from taxes generated by new development in the current fiscal year, but City Manager George Proakis said he remains cautious about the good financial times continuing. Tuesday night, Proakis updated the City Council about the current year’s budget, Fiscal Year 2024, and presented the Fiscal 2025 Preliminary Budget Overview. The revenues in FY24 came in $5.3 million above the projection when the budget was made last spring. However, the current bottom line for next year’s Watertown budget (FY25) is a $2.4 million shortfall.







