The $46,003,307 balanced General Fund budget reflects a 3.17% decrease in spending from the FY20 adopted budget due to expected shortages related to COVID-19. In addition to the General Fund, the Water/Sewer Fund, Transit Fund, Broadband Fund, and Stormwater Fund comprise the overall City budget totaling $82,528,220. This total sum also includes Special Revenue Funds (CDBG & HOME) and Capital Reserve Funds. Bailey proposes maintaining the current tax rate of $0.7196 for the fiscal year as to not burden the Salisbury community in the midst of economic challenges.