Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the 2025 Budget topic
No spam. Unsubscribe anytime.
Polk County presents 2025 budget: $64.5 million with small levy decrease; public hearing set for Nov. 12
Summary
County staff presented a proposed 2025 budget of $64.5 million, reported a roughly $71,000 decrease in the levy and a 26¢ per $1,000 mill-rate reduction; the board scheduled a public hearing for Nov. 12, 2024.
County staff presented the proposed 2025 budget to the Polk County Board of Supervisors on Oct. 15, reporting a total budget of $64.5 million with a slight decrease in the levy and a lower mill rate.
Staff described the high-level figures: a $64,500,000 budget, levy of approximately $23,000,000 (down about $71,000 from 2024) and a mill-rate reduction of roughly $0.26 per $1,000. The proposed budget includes investments in infrastructure and maintains priorities for capital projects while keeping the levy stable.
The presentation noted the county is operating a near-term deficit budget rolled forward from last year and that the health insurance fund has been drawn down by high claims; staff emphasized the actuarial minimum for that fund (~$2.3 million) while forecasting possible adjustments if 2025 claims are high. The board set a public hearing on the 2025 budget for Nov. 12, 2024.
Supervisors asked for additional detail on total debt and debt service; finance staff provided an overview of outstanding general notes and repayment schedules and agreed to provide a more detailed debt report on request.
