The Big Rapids City Commission discussed its proposed $31-million dollar for next fiscal year, during the study session earlier this week.
City Treasurer Aaron Kuhn detailed the budget to commissioners.
"The budget is balanced, with all operating and capital improvement expenditures covered by current revenues and available fund balance." Kuhn said. "There are continued one-mill investments into city streets, the Big Rapids Community Library as well as a proposed one-mill for Hemlock Park." There are sufficient resources allocated for close to $6.5-million in suggested capital projects."
Kuhn also told commissioners he expects income tax revenue to increase and is expected to return to normal due to the employment sector and a rise in wages. However, he noted state transportation revenue sharing for roads will decrease due to the latest census.
During his presentation, Kuhn noted how the city has been paying off its outstanding debt of $9.2 million from five years ago its current amount of $5.3 million dollars.