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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 million. He noted that the city has settled police and general contracts, but that health-care costs for employees remain to be determined during the annual review.
"Initial budget projections were provided to the council noting a 6.5% increase in property taxes," Jolly said, adding that the city plans to move toward priority-based budgeting for FY25'26 and will consider investments in DPW fundamentals, project management services, a budget and fiscal services manager, and enhancements to parks and building maintenance.
Councilmembers used the report as an opportunity to request further information on facilities management, ADA compliance, property inventory and potential investment in Greenmead Historical Park. The committee recommended that the report be received and placed on file and that additional review continue in standing committee.
What's next: The council will carry these initial projections into upcoming budget committee meetings; the city will post documents online and schedule a public hearing on Oct. 2 as part of the formal adoption process.
