Storm Water Drainage Management Program The Storm Water Drainage Management Program receives funding on a monthly basis from residential ($6) and commercial users ($24) of the storm water system. This fee structure will generate an estimated $1,6 25 ,000 in revenue for FY 2025. These funds will be used to support expenditures of $1,6 78 , 199 in the areas of personnel, supplies, professional services, debt service, capital projects, and equipment Sanitation On June 1, 2024, the City entered into a new contract with Republic Services. The residential rate under the new contract will be $19.65, which is a $2.03 increase from the previous contract rate of $17.62. The City will continue to work with consultants to review and evaluate our rates to ensure that fees cover the costs associated with providing services. ~Tax Supported Fund~ Hotel Occupancy Tax Allocations in this fund in FY 2025 include: Repair & Maintenance ($620,000), Nance Farm Maintenance ($60,000), Professional Fees ($46,000), Advertising ($20,000), Hotel Events ($190,000), Tourism and Branding/ Marketing ($25,000), and Membership & Subscriptions ($16,700), Training & Travel Expenses (10,000). ~Capital Improvement Program~ Included within this budget document is the 2025-2029 CIP for all City Departments and Divisions. The Capital Improvement Plan addresses key infrastructure initiatives for streets, parks, the water system, and facility improvements. ~Interest and Sinking Fund~ This particular fund is utilized to address the principal and interest payments on debt acquired by the City. In FY 2025 the Interest and Sinking fund tax rate was set at $.181 000 . The FY 2025 proposed I&S tax rate is $.181 000 per $100 of property valuation.
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