City of Tallmadge proposes $46M budget with major infrastructure investments

November 07, 2024 | Tallmadge City Council Meeting, Tallmadge, Summit County, Ohio


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City of Tallmadge proposes $46M budget with major infrastructure investments
The Tallmadge City Council convened on November 6, 2024, to discuss the proposed budget for 2025, which totals approximately $48.7 million. This figure reflects significant investments in infrastructure, including $3.9 million for improvements to Howe Road and $5.6 million for new water lines. These projects are pivotal in shaping the city's financial landscape, as their exclusion would reduce the budget to around $39.2 million.

The budget also accounts for a projected 2.4% inflation rate, which would typically suggest a flat budget of about $47 million. However, with the inclusion of payroll increases—estimated at $703,000—and the hiring of additional public safety personnel, the budget reflects a modest increase over the previous year.

Key highlights from the budget include a general fund transfer of $2.5 million to the fire fund, down from $3.05 million last year, indicating a more efficient allocation of resources. The street maintenance and repair fund will receive a $2.186 million transfer, a 29% reduction from the previous year, yet it still meets the required minimum balance.

The budget also emphasizes the city's commitment to public safety, with a projected income tax revenue increase of 12% to $15.7 million. This revenue will support essential services, including the acquisition of new police and fire vehicles, and improvements to existing facilities.

Overall, the 2025 budget reflects a strategic approach to fiscal management, ensuring that all funds exceed their minimum balance requirements while addressing critical infrastructure and public safety needs. The council will continue to monitor expenses closely as the year progresses, maintaining a focus on responsible spending and community service enhancement.

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