The City of Lincoln is looking at having a balanced budget for Fiscal Year 2012 and is hopeful FY13 can be the same.

Like most communities deal with, unexpected costs arose this year for in Lincoln, but Lincoln Mayor Keith Snyder says, despite those, FY12 is looking like it could be a balanced budget. Mayor Snyder credits his department heads throughout the city for keeping expenses low. He adds revenues from the state have been flat the past few years, forcing the city to keep spending in check.

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Each year the Lincoln City Council gets together and holds budgeting work shops. Mayor Snyder says those meetings set goals then the Council works with projected revenues and comes up with what will work for each department.

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Lincoln faces some challenges with their Fire and Police Pension Funds. Mayor Snyder explains the City is almost at a point where they more people drawing from the pension system than paying into it. He adds while the city is not in a position where they potentially could not fund the pensions, but their unfunded levels have crept up a little.

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Mayor Snyder is hopeful the City of Lincoln's FY13 budget is going to be balanced. He says as of right now things are looking positive for that but it all comes down to how it looks on April 30 of 2013.