City of

District 16

Alder Michael J. Tierney

Alder Michael J. Tierney

Alder Michael J. Tierney

Contact Information

Home Address:

4534 Secret Garden Dr
McFarland , WI 53558

Council Office

Common Council Office:
210 Martin Luther King, Jr. Blvd
Room 417
Madison, WI 53703
Phone: (608) 266-4071
Fax: (608) 267-8669
WI Relay Service

Alder Tierney’s Updates

Board of Estimates - Capital Budget Deep Dive is complete

July 9, 2015 1:26 PM

The Board of Estimates finished its special meetings on examining the capital budget, last night, with recommendations for the Mayor.

As promised,The Board of Estimates (the City's finance committee) has taken the time in a series of extra meetings to deep dive into the capital budget.  We understood at the end of 2014 the capital budget was inflated, too many projects that couldn't be completed because of time and money constraints.  The charge of the BOE was to unravel the budget by large projects and then make recommendations to the Mayor based on the BOE priorities on what to move out in years and/or taken beyond the years of the capital budget.  The capital budget is the plan for City spend on projects from streets to fire stations and looks out 5 years.  
There is more work to do this autumn.  The Council is scheduled to receive the Mayor's capital budget for 2016 on September 1st.  Further work will begin right away.  This preliminary work set the BOE up for this year's budget cycle, which is going to be very hard work, because of the constraints faced by the City.  
The work also positions the BOE to take on a new way of budgeting.  In January we are scheduled to start working on Priority Based Budgeting.  I am excited to begin this work. Prior to serving on Council, my career was in finance.  I have experience in priority based budgeting and have seen the impact that it has in the private sector.  I am eager to be a part of this work at the City.  
Much more to come:)

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