The breakdown
City officials are proposing $6.9 million in revenues and $6.7 million in expenditures, resulting in a $171,401 surplus, according to the city’s budget.
The proposed general fund revenues and expenses are 17% and 15% higher than the FY 2023-24 budget, respectively, according to the city’s budget.
The tax rate is proposed to be $0.40 per $100 valuation, which is the sixth consecutive year the city is proposing the same rate, according to prior reporting.
Diving in deeper
The general fund expenses include:
- $2.7 million for the police department
- $2.5 million for administration
- $1.1 million for the public works department
- $337,043 for the court department
Also of note
A public hearing on the budget and tax rate is set for Sept. 16 at 6 p.m. at Montgomery City Hall, 101 Old Plantersville Road, Montgomery.