city officials convened for the first of two public hearings on the fiscal year 2025 budget, they outlined a balanced operating budget of $908 million and a capital budget of $302 million. The meeting highlighted a proposed millage rate reduction to 4.42 mills, down from a previously tentatively approved rate of 4.45 mills, thanks to an additional $503,701 in revenue identified through a school zone speed enforcement project.

The five-year capital improvement plan, totaling over $1.2 billion, aims to enhance community infrastructure significantly. Key allocations from the budget include funding for public safety, with provisions for 20 new police officers and an $8 million investment in public safety programs. The budget also supports various community services, including parks and recreation, housing, and neighborhood affairs.

City officials emphasized the importance of property tax values and their impact on the budget, noting a projected 5.9% increase in ad valorem revenue compared to the previous fiscal year. The budget reflects a commitment to employee welfare, proposing a 4.2% pay increase for general employees and ongoing negotiations for fire department contracts.

In addition to local funding, the city has successfully secured over $300 million in grants since 2020, with significant recent awards including $20.3 million from the FAA for airport upgrades and $12 million from the US Department of Transportation for community safety improvements. These efforts underscore the city's strategy to leverage external funding to enhance services while minimizing costs for residents.