Title
Resolution to Adopt Ann Arbor City Budget and Related Property Tax Millage Rates for Fiscal Year 2023
Memorandum
Attached for your review and action is the proposed FY 2023 City Budget that totals $559 million in revenue and $526 million in expenditures and is in compliance with the City Charter. This budget resolution reflects the recommended budget delivered to you on April 18, 2022.
General Fund Activities
This recommended budget holds recurring expenditure levels in line with the projected revenue levels.
General Fund recurring expenditures increased by $4,128,892 (+3.6%) compared to FY 2022’s adopted budget, and recurring revenues increased by $5,075,679 (+4.5%). Below is a summary of non-recurring expenditures: