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Livonia council receives FY2024'25 budget preview showing projected revenue increase and priority objectives
Summary
The budget and finance committee presented initial FY2025 projections showing a 6.5% property-tax increase and an overall general fund revenue increase of about $2.4 million (3.4%) to approximately $73.5 million; the committee outlined five strategic objectives and recommended the report be placed on file.
Councilman Jolly, chair of the budget and finance committee, delivered an overview of the committee's August 12 pre-budget meeting and initial projections for fiscal year 2024'25.
Jolly said initial projections show a 6.5% increase in property taxes and cited an overall general fund revenue increase of about $2.4 million (3.4%) to roughly $73.5…
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