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The original item was published from 10/21/2024 7:18:54 AM to 11/21/2024 12:00:03 AM.

News Flash

City News

Posted on: October 21, 2024

[ARCHIVED] Biennial Budget Information

Biennial Budget NF Graphic

Mayor Thomas has released his 2025-2026 Recommended Biennial Budget, and the Monroe City Council will hold three public hearings to receive public input, in addition regular meetings to consider ordinances that formally adopt the Budget and set the property tax levy rate. Visit the City Council Meeting Agenda portal to view materials

  • Oct. 15, 2024 Public Hearing
  • Oct. 22, 2024 Public Hearing
  • Nov. 12, 2024 Public Hearing + First reading of ordinances
  • Nov. 19, 2024 City Council Meeting + Second reading of ordinances

The Recommended Budget is posted to https://www.monroewa.gov/1239/Biennial-Budget. The document is listed by section for ease of viewing and downloading. The webpage also shares how you can provide your comments to the Mayor and City Council. 

The Budget serves as a financial plan for city operations for the next two years. It is the responsibility of the Mayor and City Council to adopt a structurally balanced budget - where revenue sources equal expenditures – that reflects the community’s needs for city services, public spaces and facilities. The Budget is built on low risk estimates, fully funds contingency reserves, includes the debt service payments for the Municipal Campus Improvement Project, appropriately uses banked capacity and includes the one percent property tax levy increase allowed by state law. 

As part of the Budget adoption process, the Capital Improvement Plan (C.I.P.) is also considered and adopted as a funding plan for capital projects for city parks, streets, city-owned and operated property, technology, and utilities. Mayor Thomas’ recommended budget advances a biosolids treatment plant to be funded through $12.5 million in bonds, the development of Trombley Park and the downtown Festival Lot, Rail Crossing Safety, and a new signal at 147th Avenue Signal.  

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