2024 Budget
Budget development is a multi-step process that involves City agencies, the Finance Committee, and Common Council. The full adopted budget book includes both the capital and operating budgets.
Capital Budget
Capital Budget: $273.1 Million
The capital budget provides funding for the City’s major construction projects including building new facilities, improving our transit system, maintaining our roads and parks, and purchasing major equipment. The 2024 Capital Investment Plan includes funding for 2024 and outlines future investments for 2025 – 2029.
Budget Kickoff
The budget development process begins with guidance from the mayor on priorities and goals for the upcoming year.
Agency Requests
Agencies prepare budget requests to fund services to residents, invest in capital needs, and achieve the goals outlined in the mayor’s budget message.
Executive Budget
The mayor introduces the executive budget for consideration by the Finance Committee and Common Council.
Amendments
The Finance Committee and Common Council may propose amendments to the Executive Budget.
Adopted Budget
The Common Council adopts the final budget and authorizes the property tax levy to fund the budget.”
Operating Budget
Operating Budget: $405.4 Million
The operating budget provides money for running City departments and services. It pays for the day-to-day spending on employees and materials and supplies. The Operating Budget total reflects the General and Library Funds.
Budget Kickoff
The budget development process begins with guidance from the mayor on priorities and goals for the upcoming year.
Agency Requests
Agencies prepare budget requests to fund services to residents, invest in capital needs, and achieve the goals outlined in the mayor’s budget message.
Executive Budget
The mayor introduces the executive budget for consideration by the Finance Committee and Common Council.
Amendments
The Finance Committee and Common Council may propose amendments to the Executive Budget.
Adopted Budget
The Common Council adopts the final budget and authorizes the property tax levy to fund the budget.
Resolutions and Presentations
Staff provide updates to the Finance Committee throughout the year. This section provides links to significant resolutions that amend the adopted budget and other presentations to the Finance Committee.
Members of the public can find a schedule of Finance Committee meetings, agendas, recordings of past meetings, and to register to speak through the Committee Webpage.
- Budget Adoption Resolution: Legistar File 80726 adopted the 2024 budget and authorizes the property tax levy to fund the budget at the November 14, 2023 Common Council meeting.
- 2023 Fiscal Year-End Update: Legistar File 83240 was a presentation on the prior fiscal year and an update on fund balance at the May 6, 2024 Finance Committee meeting.
- Mid-year appropriation resolution: Legistar File 84378 amends the budget based on mid-year projections. Presentation at the July 22, 2024 Finance Committee meeting.
- Year-end appropriation resolution: Legistar File 86200 amends the budget based on year-end projections, reappropriates American Rescue Plan Act (ARPA) funding to fully utilize federal funds, and makes other technical adjustments. Presentation at the December 2, 2024 Finance Committee meeting.