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Budget committee refers Akron’s proposed $798 million 2025 operating budget after overview of staffing, ARPA draws
Summary
The Akron Budget & Finance Committee voted to refer a resolution adopting the 2025 operating budget and an appropriation ordinance after a detailed presentation that highlighted a $798 million spending plan, public-safety staffing priorities and use of ARPA interest and an income-tax draw to cover a projected shortfall.
The Akron Budget & Finance Committee on an afternoon meeting referred a resolution adopting the city's 2025 operating budget and the companion appropriation ordinance after a presentation by city officials outlining a $798,000,000 spending plan and the steps the administration is using to close a forecasted fiscal gap.
Mayor Mallon said the budget prioritizes public safety, core city services, targeted youth and prevention investments and fiscal responsibility. "This budget proposes a $798,000,000 in expenditures, which is a 2% decrease from the 2024 operating budget," Mallon said.
The budget presentation to the committee laid out how the administration plans to cover an estimated $13,000,000 shortfall between revenues and expenditures in 2025 by using about $8,000,000 in interest earnings from ARPA accounts and a $5,000,000 draw from income-tax reserves. Mr. Fricker, a finance…
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