The City Council spent almost the entire day of Saturday, March 23rd, discussing the proposed FY 25 budget and making the following changes.

  • Reduce proposed residential property tax rate to 34.18 cents – this is 1 cent reduction from the proposed 35.18 cents ($156,000)
  • Cut (opposed) Income Tax Offset Credit (ITOC) ($50,000)
  • Additional per new YFS estimate for MNCPPC Summer Camp Grant ($10,500)
  • Additional Investment Earnings projected ($5,5000)
  • Reduce Mayor and Council travel and training expenses ($7,000)
  • Add grants to for neighborhood /civic associations to assist with Spanish language translation ($15,000)
  • Cut funding from the proposed Student Housing subsidy program ($200,000)
  • Add to Business Retention assistance ($100,000)
  • Defund College Park parade ($33,000)
  • Cut Shot Spotter expenses ($50,000)
  • Add hiring a staff lead to oversee the AARP Livable Communities Action Plan (salaries and benefits) ($85,000)

The Council plans to discuss the budget further at tomorrow’s second budget work session and may consider making further changes.