Budget 2025

OVERALL HIGHLIGHTS OF THE 2025 BUDGET

• Flat mill levy – The 2025 Budget holds the mill levy flat for the ninth consecutive year.

• General Fund Budget – The 2025 General Fund Budget is $7,080,568 (excluding reserves) which is a 8.49% increase from the 2024 Budget.

• Reserves –The City’s total unrestricted reserve will be $1,159,057 in 2025 and is split between the General Fund and the Equipment Reserve Fund. This, plus the $170,000 Contingency budgeted in the Administration Department, totals 22.22% of the 2025 General Fund Budget. In 2018, the City updated its General Fund Reserve guideline from a minimum of 10% to a recommended 20% (excluding the Contingency). Achieving the higher reserve was a multiyear effort.

• Salary increases – Following several market adjustments that were implemented in 2024, the 2025 Budget includes a 5% merit based salary increase for full-time employees.

• Health Insurance – For the second year in a row, the City did not experience a mid year increase for health insurance. A 6% increase is anticipated in 2025.

• Transfer to Equipment Reserve Fund – A $70,000 transfer from the General Fund to the Equipment Reserve Fund is currently budgeted to build a reserve for CIP equipment purchases. In addition, the Public Works Department will also transfer $30,000 to Equipment Reserve for the future purchase of a street sweeper.