2025 Budget Outlook presentation at Common Council Tuesday

On Tuesday's Common Council agenda is a presentation from Finance staff about the city's 2025 Budget Outlook. If you miss it, it will be available on the Finance Dept.'s 2025 Budget Outlook webpage.

From the Finance webpage: The City of Madison has faced a budget shortfall of some degree every year for the past 14 years due to state-imposed restrictions on City revenue and growing need for services. The City has been fortunate over the past 5 budget years to have sufficient funding from short-term federal pandemic relief and economic recovery funding, along with strong city reserves, to weather revenue losses and maintain service levels.  As we look to the future, the City is facing significant challenges to maintain service levels for a growing population in the face of the State Legislature’s limits on property taxes, state aid, and other revenue sources.

Staff will be presenting information to the Common Council and Finance Committee throughout 2024. Public notices of the meeting schedule and agendas can be accessed on the City’s Meeting Schedule Website. Members of the public may register to speak during public comment, or may submit written comments to the Common Council or Finance Committee. Recordings to recent meetings will be linked below, and can be found on the Madison City Channel.

February 13: Common Council Presentation

March 5: Common Council Discussion

I am sharing District 3 Alder Derek Field's recent blog on the upcoming budget discussions that provides an overview of the issues we face. He has taken a deep dive into the budget fundamentals presented by the Finance Dept. on their 2025 Budget Outlook page and does a good job at summarizing a lot of information.

Please contact with me at district6@cityofmadison.com with questions or comments.