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Meridian Hills council opens first reading of 2025 budget, schedules final vote for Oct. 14
Summary
At a Sept. 9 meeting the Meridian Hills Town Council held a public hearing and first reading of its 2025 budget, proposing a $1,145,165 spending plan, a $10,000 rainy-day addition and an estimated 4% levy growth; final approval is set for Oct. 14, 2024.
The Meridian Hills Town Council opened a public hearing and held the first reading of the town’s 2025 budget on Sept. 9.
Councilor Colleen Field moved to open the budget discussion; Councilor Zach Gordon seconded. President Walter Freihofer presided. The report presented at the hearing proposed a total budget of $1,145,165 and a $10,000 addition to the rainy-day fund for both 2024 and 2025. The presentation said the proposed property tax levy would grow by about 4%, an increase of $10,330 for a total levy of $268,575.
The budget report stated that the town’s net assessed value rose by roughly $34 million, from $314,268,791 to $348,195,542, which underpins the levy estimate. The report also said staff expects to spend the remaining $6,000 of American Rescue Plan Act funds by year-end and noted that Public Safety Local Income Tax amounts for 2025 will not be certified until October, leaving some revenue uncertainty.
Councilors were told there may be suggested cuts to the 2024 budget as part of the finalization process; the meeting recorded this as a first reading rather than a final adoption. Clerk‑Treasurer John Dillon reminded the council that the budget must be posted on the town’s posting platform prior to final action.
The council set Oct. 14, 2024, as the meeting for final approval of the 2025 budget. No final vote or adoption occurred at the Sept. 9 session.
