HomeMy WebLinkAboutHearing #1 General Budget OverviewCHUBBUCK
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290 East Linden Avenue, Chubbuck, ID 83202 208.237.2400 Fax 208.237.2409 www.CityofChubbuck.us
Chubbuck recently published its budget for Fiscal Year 2024 as required by Idaho Code
and will be holding a public hearing to take comments on August 2, 2023. This budget was
tentatively adopted by unanimous vote of the City Council on July 5, 2023 after many months of
discussion between the Council, city staff, and the Mayor's office. While the difference between
last year's budget and this year's may look dramatic on paper, the proposed budget for next year
largely consists of monies from sources other than new property taxes. The increase of $176,514
in the current property tax budget represents a 2.5% increase over last year's property tax
budget. The increase represents $15 dollars per $100,000 of taxable value per year. Our costs of
providing services have risen in recent years and this increase is anticipated to cover some of the
inflationary costs so that levels of service do not decrease.
The Fiscal Year 2024 budget recognizes a significant increase in revenues compared with
Fiscal Year 2023 and prior years' budgets thanks to the closing of the 1992 Revenue Allocation
Area (RAA) by the urban renewal agency in the City, the Chubbuck Development Authority. For
the past 30 years, a portion of property tax monies that have been levied by taxing districts like
the City and County have been paid to the Chubbuck Development Authority to help address
public infrastructure needs in the City. The time has come to close the district and let the taxing
districts, like the City and County, use those monies as part of their operations budget. Those
monies will help us dramatically with funding needs that haven't been able to be funded in the
past. The money coming back to the city could be as much as $1 million dollars in revenues that
weren't available in prior years and likewise, a similar amount could go to Bannock County
revenues. As part of this budget proposal for next year, former urban renewal funds are proposed
to help provide more funding to emergency services and fund much needed deferred
maintenance of our existing city streets and parks system. These monies are not coming from a
tax increase on our property owners.
Some other revenue sources in the general fund that are different than the Fiscal Year
2023 budget are shared revenue, new construction roll, franchise fees and other miscellaneous
revenues; these fees are not born as new taxes on property owners. Shared Revenue from the
State of Idaho represents 21 % of the increase in the general fund. The new construction rolls for
the city of Chubbuck other than the retiring TIF represent 9% of the increase. Franchise fees are
estimated to be 3% of the increase. There are other fees and miscellaneous revenues that are
estimated to be 1% of the increase.
We hope this explanation helps you with understanding a complicated budget process.
The City Council and City Staff have worked for months to come up with a fair budget that will
serve our citizens well without over taxing them.
Sincerely and with warm regards,
Mayor Kevin England Council President Roger Hernandez
City of Chubbuck
Fiscal Year 2024
Budget Summary Expense Compared to Revenue
Fund 10 GEN
General
Expense
Personnel
Operations
Total
LG
Legislative
234,300
119,400
114,900
234,300
EX
Executive
74,600
71,600
3,000
74,600
CK
Clerk
9,200
0
9,200
9,200
FN
Financial
87,500
12,500
75,000
87,500
LL
Legal
84,700
35,500
49,200
84,700
INS
Liability Insurance
215,000
0
215,000
215,000
SW
Storm Water
25,000
0
25,000
25,000
LE
Law Enforcement
4,752,325
3,761,400
990,925
4,752,325
FC
Fire Control
2,715,287
2,967,050
438,237
(690,000)
2,715,287
IT
Information Technology
118,000
0
118,000
118,000
HR
Human Resource
65,500
57,000
81500
65,500
FM
Facilities Maintenance
107,000
0
107,000
107,000
PK
PK Tennis Court Grant
11,129
0
11,129
11,129
C5
CommunitySerivices
503,486
433,200
70,286
503,486
C5/PK
Parks
976,480
762,000
714,480
(500,000)
976,480
CC
Community Celebration
7,000
0
7,000
7,000
Capital
Parks
250,000
250,000
250,000
Capital
HSR
613,983
613,983
613,983
Total General Fund Requests
10,850,490
8,219,650
3,820,840
(1,190,000)
10,850,490
2024 Estimated General Fund Revenue
10,850,490
10,850,490
Balance
0
0
Fund 11 HSR Highway Streets and Roads
2024 Estimated Highway Fund Revenue
2024 HSR General Fund Contribution
Balance
Fund 31 WW Water
2024 Estimated Water Fund Revenue
Balance
Fund 32 SW Wastewater
2024 Estimated Wastewater Fund Revenue
Balance
Fund 33 5N Sanitation
2024 Estimated Sanitation Fund Revenue
Balance
Total Budget Expenditures
Total Budget Revenue
Balance
Expense Personnel Operations Total
3,073,310 887,500 2,185,810 3,073,310
2,459,327
613,983
0
4,938,400 1,195,300 3,743,100 4,938,400
4,938,400
0
6,364,000 1,031,700 5,332,300 6,364,000
6,364,000
0
2,885,300 1,129,000 1,756,300 2,885,300
2,885,300
0
28,111,500
28,111,500
0