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Rochester Hills council approves $43.2 million in first-quarter 2025 budget amendments; city says no new debt required
Summary
The City Council unanimously approved the fiscal year 2025 first-quarter budget amendments that reallocate $43.2 million in expenditures—largely carryovers from 2024 projects—and increase revenues by $7.2 million. Finance staff said the projects will be funded from existing fund balances and not by new debt.
Rochester Hills City Council unanimously approved the fiscal year 2025 first-quarter budget amendments on March 3, authorizing $43.2 million in additional expenditures—mostly for capital projects carried over from 2024—and an increase of $7.2 million in revenues.
Finance Director Jeff Snyder told the council the amendment primarily rolls unspent 2024 budget amounts into 2025 so projects already underway can be completed. "These are funds we had allocated for these projects. There will be no need for any debt to be issued," Snyder said during the public hearing and question period.
The amendment increases total expenditures by $43,200,000 and total revenues by $7,200,000; the net impact citywide is a draw on fund balances of $36,000,000. Snyder and staff said about…
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