FY 2024-2025 Final Adopted Budget

63(&,$/ 7$; ',675,&76 )81'

Historic Tax Districts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usiness Improvement District (Downtown): ,Q )< D %XVLQHVV ,PSURYHPHQW 'LVWULFW RU %,' ZDV HVWDEOLVKHG IRU WKH GRZQWRZQ DUHD $Q DGGLWLRQDO WD[ RI QLQH FHQWV SHU RI SURSHUW\ YDOXH ZDV OHYLHG RQ SURSHUWLHV ZLWKLQ WKH GLVWULFW %,' IXQGV UHYLWDOL]H WKH GLVWULFW WKURXJK YDULRXV HFRQRPLF GHYHORSPHQW LQLWLDWLYHV )XQGV UHFHLYHG WKURXJK WKLV OHY\ DUH PDLQWDLQHG LQ D VHSDUDWH UHVHUYH DFFRXQW DQG DUH DYDLODEOH H[FOXVLYHO\ IRU GRZQWRZQ GLVWULFW SXUSRVHV DV DSSURYHG E\ EXVLQHVV RZQHUV DQG UHVLGHQWV

Actual

Budget

Adopted 2024-25

Projected

2022-23

2023-24

2025-26

Expenditures by Program Business Improvement District (Downtown) $ 1,527,804 $ 1,321,125

$ 1,321,125

$ 1,321,125

Historic Tax Districts

-

135,000

135,000

135,000

Total $ 1,527,804 $ 1,456,125

$ 1,456,125

$ 1,456,125

Actual

Budget 2023-24

Adopted 2024-25

Projected 2025-26

2022-23

Expenditures by Type Maintenance & Operations

$ 1,527,804 $ 1,456,125

$ 1,456,125 $ 1,456,125

$ 1,456,125 $ 1,456,125

Total $ 1,527,804 $ 1,456,125

Revenues by Type Property Tax

$ 1,197,543 $ 1,161,725

$ 1,161,725

$ 1,161,725

Sales Tax

361,133 27,106 334,829

199,000

199,000

199,000

Other Revenues

-

-

-

Appropriated Fund Balance

95,400

95,400

95,400

Total $ 1,920,612 $ 1,456,125

$ 1,456,125

$ 1,456,125