HomeMy WebLinkAbout2023-10-09 2024 Budget ApprovalCity of South Bend
2024 Budget
October 9, 2023
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2024 Budget Process
11 public meetings – 10 have been completed, tonight is the 11th.
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2024 Proposed Budget
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Strategic Priorities
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Revenues
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2024 Proposed Department Budgets
Note: Excludes Redevelopment Commission
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2024 Proposed Budget
Total Revenue (City): 430,609,853
Total Expenditures (City): (450,666,350)
Net Surplus/(Deficit): (20,056,997)
• Deficit Breakdown:
• General Plus Fund Deficit: $16,137,143
• Other Funds Net Deficit: $3,919,854
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2024 Budget
• General Plus Fund Deficit: $16,137,143
• $8.1 million for streets operating & capital
• Subsidizing of various City operations and programs.
• $ Increased costs due to inflation and increased salaries and wages
General Plus Fund History:
Stronger than expected revenue
Cost savings (particularly in personnel)
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2024 Budget Highlights
Safe Community for Everyone
Full staffing level of the SB Police Department (252 Officers) and SB Fire Department (256 Firefighters).
New crime intelligence analysts (SBPD)
Continued investment in traffic calming efforts
Equitable Access to Opportunity & Youth/Workforce
Revamped VPA structure, emphasizing community programming.
Enhancing scholarship Opportunities
Great Employer with Great Employees
Targeted wage increases for hard-to-recruit positions and talent retention.
3% cost of living increase for non-bargaining employees, $2,000 Residency Bonus
Strong Neighborhoods & Robust, Sustainable Infrastructure
Continuation of Rebuilding Our Streets initiative.
New Neighborhood housing - Workforce and affordable housing funding with ARP allocation ($2.5M).
Vacant Building Reduction and redevelopment.
Home Repair Program ($2.5M already appropriated through ARP Home repair. $350K proposed for the 2024 budget).
Investment in our water & wastewater utility infrastructure.
Continued investing in our digital and cyber security. infrastructure.
Continued investments in Climate Action Plan.
EV Chargers
Greener Homes
“Solarize, Switch & Save” initiative
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