Preliminary city budget for 2023 approved

The Shelton City Council on Tuesday gave preliminary approval to a $40.2 million budget for 2023.

The council will host a second public hearing on the proposed budget at its meeting at 6 p.m. Nov. 1. The budget must be approved by the end of the year.

Last November, the council approved a $41.1 million budget for 2022.

The proposed expenditures in the 2023 budget include $15,011,415 for the general fund, $2,068.316 for the street fund, $2,824,585 for the capital improvement fund, $7,035,937 for the sewer fund, $3,510,407 for the water fund, $2,598,185 for the solid waste fund, $1,621,960 for the storm drainage fund, $1,340,000 for the water capital fund, $1,042,000 for the sewer capital fund and $919,687 for the equipment rental fund.

Estimated funding sources for the general fund in 2023 total $14,342,470, including $9,512,165 in taxes, $301,900 for licenses and permits, $576,300 in intergovernmental revenue, $3,804,306 for goods and services, $92,550 for fines and penalties, and $113,260 in miscellaneous revenue.