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City Budget Information

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Financial Goals for the City of Ithaca heading into 2015:
 
Increase / Maintain Fund Balance
Fund Balance needs to be 10-20% of operating revenues/expenses
Currently fund balance is 14.3% of expenditures
Allows for greater flexibility
 
Reduce debt load
Reduce reliance on debt (borrowing) for payment
Pay by cash where possible
Debt service is 12.8% of budget
 
Reduce tax burden on city taxpayers
Keep tax rate increases to a minimum
Assessment increases shifted to new construction and commercial
Proposed 2015 tax rate at $12.84 per $1,000 assessed value
Stay within State Property Tax Cap if possible
 
Continue to move operating expenses from borrowed capital funds to G/F
Every year move streets and road construction costs to operating
Every year move equipment acquisitions from capital to operating
We are reducing our reliance on borrowing for operating funds
 
Purchase more efficiently and economically
Use more state contract, cooperative purchasing and bidding
Restructure some city departments to produce operating efficiencies
 
Maximize revenues and minimize costs
Increase fees where applicable and lower costs

 

Budget Schedule

 

2015 Mayor's Proposed Budget

Mayor's Budget Message

Program Version of the 2015 Budget (REVISED 10/8/14)

Public Friendly Version of the 2015 Budget (REVISED 10/16/14)

Mayor's Budget Presentation (REVISED 10/6/14)

Budget Narratives submitted by Departments

 

Requests Above the Mayor's Budget

Department of Public Works - General Fund (3 requests)

Department of Public Works - Water and Sewer (1 request)

Fire Department (4 requests)

Human Services Coalition (1 request)

Planning, Building, Zoning, and Economic Development (2 requests)

Department of Public Works - General Fund (additional request)

 

Information Requests by Council

Map of DPW Divisions and Functional Units

Police Department budget comparison with removal of Parking Revenues (now in Parking Division)

Human Resources - Unfunded Mandates

Human Resources - Request for Contractual Services

DPW - Water and Sewer - Prioritized Construction Equipment Requests

DPW - Water and Sewer - Prioritized Office and Meter Equipment Requests

 

Other

Mayor's Budget Forum Presentation

 

 

2014 Final Budget:

2014 FINAL Budget

2014 FINAL Ithaca Area Wastewater Treatment Plant Budget

Departmental Consolidation Legislation

2014 Budget Narrative

2014 Mayor's Recommended Budget

 

2013 Final Budget:

2013 Adopted Program Budget

List of Changes made to the Mayor's Original Budget Proposal

2013 Ithaca Area Wastewater Treatment Plant Budget

2013 Budget Narrative

Departmental Consolidation Legislation

2013 Proposed Budget Presentation

Mayor's Budget Forum Presentation
 

2012 Final Budget:

2012 Program Budget
Ithaca Area Wastewater Treatment Plant Budget