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The city’s approved FY 2024-25 budget projects $6.9 million in revenue and $6.7 million in expenditures, resulting in a surplus of $171,401, according to the city’s budget.
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At its Sept. 16 special meeting, Montgomery City Council approved the fiscal year 2024-25 budget and tax rate of $0.4000 per $100 valuation.
In a nutshell
The approved tax rate of $0.4000 per $100 valuation has remained the same for the sixth consecutive year, according to previous reporting.
The city’s approved FY 2024-25 budget projects $6.9 million in revenue and $6.7 million in expenditures, resulting in a surplus of $171,401, according to the city’s budget.
The approved general fund revenues and expenses are 17% and 15% higher than the FY 2023-24 budget, respectively, according to the city’s budget.
The breakdown
The FY 2024-25 budget includes:
Learn more
View the adopted FY 2024-25 budget below.
