Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Lockport staff outlines $68 million proposed 2025 budget, city to use $12 million in reserves
Summary
At a Committee of the Whole meeting, city staff presented a proposed 2025 budget showing $57 million in revenue, $68 million in expenses and a proposed $7.81 million property tax levy (ordinance 24-113); council opened a public hearing and will consider final approval in December.
City staff on the Committee of the Whole reviewed the proposed 2025 budget and the related property tax levy, telling council the plan relies on $57,000,000 in revenue against $68,000,000 of planned expenses and would use $12,000,000 in excess reserves to cover the gap.
"We have $57,000,000 of revenue coming in, $68,000,000 of expense. We're using excess reserves of $12,000,000," Lisa said as she described the budget highlights and capital plans. She told council the city expects…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
