News Releases

Print
Press Enter to show all options, press Tab go to next option

Welcome to Carmel News Release page

MAYOR PROPOSES BALANCED BUDGET THAT IMPROVES CITY SERVICES WHILE KEEPING TAXES THE SAME IN 2019

MAYOR PROPOSES BALANCED BUDGET THAT IMPROVES CITY SERVICES WHILE KEEPING TAXES THE SAME IN 2019

Post Date:09/28/2018 8:00 AM

 

 carmel seal 2012 small

City of Carmel
www.carmel.in.gov
One Civic Square
Carmel, IN 46032

 

NEWS RELEASE

Contact:          Nancy Heck  (317) 571-2474
Date:               
  September 28, 2018
Release:
          Immediate

 

 

 

ctyhall

MAYOR PROPOSES BALANCED BUDGET THAT IMPROVES CITY SERVICES WHILE KEEPING TAXES THE SAME IN 2019

 

CARMEL, IN – Mayor Jim Brainard will present a balanced City budget with zero tax increase on Monday, October 1, to the Carmel City Council. If passed, residents of the City of Carmel will continue to pay among the lowest city tax rates in the state of Indiana.

The proposed budget for all General Fund Departments, including Police and Fire, is $102 million. In addition, the proposed budget for the Motor Vehicle Highway Fund (Streets and Engineering) is $14 million. Along with the budget will be a resolution calling for the city tax rate to once again remain the same at 0.7887 per $100 assessed valuation. That means a resident living in a $200,000 gross-value homestead, subject to a mortgage deduction, will pay $771 for the city tax portion for the year.

Utility costs are lower in Carmel as well. Customers of Carmel Utilities will be paying the lowest monthly utility bill of any city in Hamilton County, Indianapolis or Zionsville. The average 2019 utility bill in Carmel will be $83.67 compared to Noblesville ($94.32), Zionsville ($95.70), Fishers ($97.76), Westfield ($113.05) and Indianapolis ($119.99)

Working with financial experts, the City of Carmel has relied on a 20-year fiscal plan that projects future revenues and expenses and allows the department directors to prioritize expenditures while being aware of the long-term impact of their decisions. Many cities do not have a multi-year fiscal plan, and without it, the budgeting process can be very difficult.

“It has always been our goal to provide the citizens of Carmel with the highest level of service at the lowest possible cost and I believe this budget will once again accomplish both those goals. This is a key part of our economic development strategy of keeping the cost of living down and the quality of life up, helping us attract more corporate headquarters, jobs and a highly qualified workforce,” said Mayor Brainard. “We are in a very competitive battle with cities across the country for companies that are increasingly seeking new locations away from other states and communities where both taxes and the cost of living, not to mention commute times, are much higher than what we offer in Carmel.”

Despite the unchanging tax rate, the Mayor’s proposed 2019 General Fund budget is $102 million, a 6.4 percent increase over 2018. This is possible because Carmel is able to become more efficient as it grows. Projected revenues are forecast to exceed our expenditures. While Carmel has debt for infrastructure, such as roads, parks, water treatment plants, etc. and other capital investments, it never borrows for regular operations. That means, under this proposal, the City will be able to fund the following additional services in 2019:
·         Five additional police officers
·         Additional Street Department maintenance operations
·         New Monon Blvd park space operations
·         Community events and festivals
·         Infrastructure for 911 services
·         IT upgrades for Community Services
·         Capital equipment replacement

The City Council, after holding a public hearing and considering the proposed budget must, under state law, pass the budget by November 1. The Council meets Monday at 6 p.m. at Carmel City Hall.

 

 -30-

 

 

Stay on top of the news, follow the City of Carmel on Social Media.

Follow us on

Facebook

Twitter

Return to full list >>