The City Council approved the 2022-23 fiscal year budget Monday. The newly adopted budget includes a projected $354,486,879 in operations and community projects, representing an increase of $23,698,460, or 7.2 percent, compared to the previous year’s adopted expenditures. The budget also includes a $0.05421 tax rate reduction, rolling the City’s tax rate back to levels last seen in 2006.
Other key highlights of the adopted budget include:
- Certified value growth of 12.20 percent from FY22
- Senior tax exemption increases to $105,000
- Creation of nine firefighter/paramedic positions to staff an additional ambulance
- Addition of three new police officers to the patrol division
- Creation of Department of Economic Development
- Dedication of $6.5 million to street and alley maintenance, a 3.5 percent increase from FY22
- An increase in water, sewer and residential solid waste rates; see chart below for yearly average impacts per customer
Considerations for impacts of the fire at City Hall will be considered in the coming weeks/months once the damage assessment is completed.
