City of Ann Arbor - File #: 23-0706

File #:

23-0706 Version:

Name:

5/1/23 Resolution to Adopt Ann Arbor City Budget and Related Property Tax Millage Rates for Fiscal Year 2024

Type:

Resolution/Public Hearing

Status:

Passed

File created:

5/1/2023

In control:

City Council

On agenda:

5/15/2023

Final action:

5/15/2023

Enactment date:

5/15/2023

Enactment #:

R-23-160

Title:

Resolution to Adopt Ann Arbor City Budget and Related Property Tax Millage Rates for Fiscal Year 2024

Attachments:

1. Budget Amendments as Approved by City Council 051523.pdf, 2. Section06.0-Resolution for FY24 Budget.pdf, 3. Resolution for FY24 Proposed Budget.pdf, 4. WLN clipping FY24 Budget and Millage - Public Hearing Notice.pdf, 5. Budget Amendments for FY24.pdf

Date	Ver.	Action By	Action	Result	Action Details	Meeting Details	Video
5/15/2023	1	City Council			Action details	Meeting details	Not available
5/15/2023	1	City Council	Amended	Pass	Action details	Meeting details	Not available
5/15/2023	1	City Council	Amended	Pass	Action details	Meeting details	Not available
5/15/2023	1	City Council	Amended	Pass	Action details	Meeting details	Not available
5/15/2023	2	City Council	Approved as Amended	Pass	Action details	Meeting details	Not available
5/15/2023	1	City Council	Amended	Pass	Action details	Meeting details	Not available
5/1/2023	1	City Council	Held and Closed		Action details	Meeting details	Not available

Title

Resolution to Adopt Ann Arbor City Budget and Related Property Tax Millage Rates for Fiscal Year 2024

Memorandum

Attached for your review and action is the proposed FY 2024 City Budget that totals $600 million in revenue and $564 million in expenditures and is in compliance with the City Charter. This budget resolution reflects the recommended budget delivered to you on April 17, 2023.

General Fund Activities

This recommended budget holds recurring expenditure levels in line with the projected revenue levels.

General Fund recurring expenditures increased by $6,822,146 (+5.8%) compared to FY 2023’s adopted budget, and recurring revenues increased by $7,554,357 (+6.4%). Below is a summary of non-recurring expenditures: