Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Public Finance topic
No spam. Unsubscribe anytime.
Grant City Council adopts preliminary $2,584,466 budget and sets preliminary levy at $1,507,910
Summary
Council approved a preliminary budget of $2,584,466 and a preliminary levy certification of $1,507,910; the mayor said the average homeowner impact was "17 cents" as stated in the meeting and noted the final levy may be lowered in December but not increased.
Grant City Council voted to adopt a preliminary budget and to set a preliminary levy certification for the coming fiscal year.
Council discussed the proposed preliminary budget figure presented in staff materials ($2,584,466) and a preliminary levy certification ($1,507,910). The mayor described the average impact to a homeowner as "17 cents" (as stated in the meeting) and said the proposed increase represents a 5 percent rate in the presented scenario; he emphasized the levy could be reduced at final adoption in December but could not be increased beyond the preliminary certification.
Council moved and adopted resolution 20247 for the preliminary budget and resolution 2024‑18 for the preliminary levy certification by roll call. Council members indicated they were comfortable with the proposed reserve treatment and that staff would continue to monitor conditions before final adoption.
Next procedural step: final budget and levy will be adopted in December after any further adjustments; the transcript does not record final rate adjustments or the detailed budget line items presented in staff materials.
