Mayor and Council have approved the City’s Fiscal Year 2024 (FY2024) Operation Budget, showcasing a commitment to fiscal responsibility and infrastructure improvement, and ensuring residents have access to exceptional city services.
The budget highlights various key areas of focus, including a balanced budget and investments in our streets and sidewalks.
City Manager, Kourosh Kamali, spearheaded the budget development process and worked closely with Mayor and Council, Department Heads, Finance Consultant Ron Wilson, City committees, and residents to ensure the budget aligns with the City’s strategic goals and priorities.
General Fund -The FY2024 Budget provides operating revenues of $8,520,961.73. The FY2024 operating revenues represent an increase of $385,362.53 or approximately 5% compared to FY2023 operating budgeted revenues.
The FY2024 Budget is a balanced budget that does not depend on funding from the reserves to be balanced. An operating contingency of $42,298.03 is established for possible emergencies that may arise.
Property Tax - FY2024 Budget’s focus is not to increase the property taxes for residents of the city. The tax rate for Single Family and Townhouse property was reduced by $0.01 per $100 of assessed value. Tax rates for all other property types are maintained at the same rate as FY23.
Streets and Sidewalks - The FY2024 Budget showcases a commitment to use $400,000 (4.7% of the FY2024 operating funding) to reconstruct and repair the City's streets and sidewalks, an industry standard recommendation for a yearly repair commitment. The budget and CIP also provide $131,000 for street resurfacing on several streets in need of repair and $85,000 for traffic calming devices.