CC MEETING: September 10, 2024
DATE: September 3, 2024
TO: Erin Rinehart, City Manager
FROM: Diana Vaughn, Chief Financial Officer
Chrystal Davis, Assistant City Manager
Title
Discuss Fiscal Year 2025 Proposed Budget.
Body
BACKGROUND:
The Fiscal Year 2025 Proposed Budget was distributed to the City Council on July 31, 2024. On August 6, 2024, and August 20, 2024, City Council work sessions were held to provide the City Council an opportunity to discuss the Proposed Budget and the proposed tax rate used to develop the budget.
This work session is to provide council any additional information related to the Proposed Budget and continue discussion related to the tax rate for Fiscal Year 2025. Separate items are included on the regular meeting agenda for the vote to approve and ratify the tax rate and to host public hearings on the budget and the proposed tax rate. The City provided legal notices required by law with the proposed tax rate of 53.9793 cents per $100 in valuation, however this does not limit the Council’s ability to lower the tax rate as discussed in the August 20, 2024, work session.
Any changes to the Proposed Budget directed by Council during this work session will be incorporated into the adopted Fiscal Year 2025 Budget.
STAFF RECOMMENDATION/ACTION DESIRED:
Deliberate and provide direction on desired changes to the Fiscal Year 2025 Proposed Budget.