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Council accepts preliminary 2025 budget and levy for county certification

City of Montrose City Council ยท September 10, 2024
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Summary

City staff presented the preliminary 2025 budget and proposed levy; council voted to accept the preliminary levy (reflecting a roughly 17.5% expenditure increase) and authorized staff to send the levy to the county for certification.

Finance staff presented the preliminary 2025 budget and proposed levy, noting an estimated tax capacity drop from $4,175,000 (2024) to $3,823,000 (estimated for 2025), a decrease of about $352,000. Staff said the preliminary proposal plans to allocate about $500,000 to capital improvements for streets and indicated the preliminary levy can only be decreased later, not increased.

Council moved to accept the preliminary levy so it could be sent to the county for certification; the motion was seconded and approved unanimously (5-0). Staff cautioned the numbers could change before final adoption and reminded the council the preliminary figure reflects planning assumptions in case additional costs emerge.