The Renton City Council adopted Monday the city’s $457 million budget for the next two years.

The biennial budget for 2013-2014 includes $202 million for the General Government Fund that is used for police, fire and emergency services, parks, street repair and other basics required to run a city.

“This budget continues our commitment to fiscal discipline, while focusing on providing high quality services to our community,” said City Council President Rich Zwicker.

Despite an estimated shortfall of $5 million per year, mainly due to reduced property values and rising costs, the balanced budget minimizes staff layoffs and preserves core services, according to the city.

Instead the city’s workforce is reduced by 25 positions primarily through attrition. The budget also includes cost-saving reforms to reduce the city’s medical premium costs, revenue options including fee adjustments for the business license fee, impact fees for new development (phased in after 2014), and a medical transport fee to be charged to insurance companies.

In the utility funds, the council adopted revenue increases of 5 percent each year for water, wastewater, surface water and solid waste and to increase the utility tax by .08 percent for water, surface water and solid waste utilities.