Mayor Sandy Stimpson announced Friday that the 2015 budget could include raises for city employees.

Stimpson said he had two different amounts in mind for the raises, but wouldn’t release the numbers yet. He said the size of raise would depend on the 2014 year-end balances.

“If we can toe the line, we can give the bigger raise,” he said.

This comes on the heels of news that the city has seen a revenue increase through the first nine months of the current fiscal year and nearly seven months after, citing budget deficiencies, he cancelled raises promised by the previous administration.

Executive Director of Finance Paul Wesch told members of the City Council’s finance committee that revenue has increased by about $3 million, or 1.69 percent over projections. Part of that increased revenue comes from an $868,000 increase in business license tax, Wesch said.

In addition to higher revenue, Wesch told councilors the city has decreased expenditures by about $6.5 million.

Wesch said the individual department budgets had been collected by his office and they were currently being reviewed for 2015. He said some would have to be sent back for revisions, but the process had gone smoothly. He added that Stimpson’s goal was to add more capital funds into the 2015 budget than were added last year.

The Finance Department has until Aug. 20 to submit a final version of the administration’s budget to the City Council for a vote.