On Monday, December 11, 2023, Cuyahoga Falls City Council unanimously approved the City Budget for expenses and capital expenses for the 2024 fiscal year by a vote of 10-0.
"The unanimous passage of the 2024 budget allows my administration to continue to provide essential services and necessary upgrades to city infrastructure," stated Mayor Don Walters. "I commend Finance Committee Chair Mary Nichols-Rhodes and the City Council for their thoughtful review and approval of the budget and Finance Director Bryan Hoffman and his team for their dedicated management of the city's finances."
The 2024 budget prioritizes infrastructure improvements, with $3 million for asphalt street repairs and $500,000 for concrete street repairs. Over the past decade, the city has doubled the funds available for paving and street repair, allowing for a more aggressive paving schedule throughout the city. The 2024 budget also includes consistent water line replacement schedules, numerous stormwater projects, and electric infrastructure upgrades.
The anticipated carryover in the general fund for starting 2024 is $23,171,970. General Fund revenues are forecasted to be around $49,697,252, with General Fund expenses budgeted at $46,752,541. The overall budgeted expenses for all funds in 2024 are $250,951,000.