In a recent government meeting, city officials presented a proposed budget for the fiscal year 2024-2025, highlighting significant investments in technology, public safety, and infrastructure amidst ongoing economic challenges. City Manager emphasized the collaborative effort behind the budget, thanking staff for their hard work in navigating a complex financial landscape.

The proposed budget totals $808 million, reflecting a 14% increase from the previous year, primarily driven by inflation and capital projects. The general fund, which supports essential services such as police, parks, and neighborhood services, is set to increase by 17% to $206 million. Notably, property values in the city have surged by 15.4%, allowing for a proposed reduction in the millage rate for the ninth consecutive year.

City officials are also addressing rising costs associated with public services, including a 14% increase in liability insurance and growing health insurance claims. To meet the demands of a growing population, the budget includes funding for 60 new positions across various departments.

Caroline Sturgess, Director of the Office of Management and Budget, outlined the budget's alignment with the city council's strategic plan, emphasizing the importance of sustainable growth and the need to diversify revenue sources beyond residential taxes. Sturgess noted that the city must attract light industrial and technology sectors to ensure long-term financial stability.

The proposed budget also includes rate increases for water, stormwater, and solid waste services, justified by contractual obligations and rising operational costs. Despite these increases, the city aims to maintain a competitive tax environment for residents, with an average homeowner projected to save approximately $22.78 due to the millage reduction.

As the city prepares for the upcoming fiscal year, officials are committed to balancing the budget while addressing the growing needs of the community, ensuring that essential services remain funded and effective.