During its Sept. 26 meeting, Montgomery City Council unanimously approved its budget and tax rate for fiscal year 2023-24.

In a nutshell

City Council adopted a $5.92 million balanced general fund budget, which means the projected revenues are the same as the projected expenses. According to the adopted budget, the general fund expenses are as follows:

• Police: $2.5 million
• Administration: $2.2 million
• Public works: $860,461
• Court: $314,925

Council members also unanimously approved its FY 2023-24 tax rate, which is $0.40 per $100 valuation. This is the fifth consecutive year the city has had this tax rate, Mayor Byron Sanford said.

Diving in deeper

Included in the budget is a 4% cost-of-living adjustment for nine months that hourly employees will receive beginning Jan. 1, 2024, according to city officials. Department heads will not receive the raise.

• City Administrator Gary Palmer said the City Council will have to amend its policy before Jan. 1 as it currently states the raises apply to all employees.

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