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Posted on September 25, 2015 at 1:50 PM by Blog Admin
On Monday, Mayor Fadness presented the 2016 proposed budget to City Council and residents. The proposed budget comes in at $69.1 million and includes $351,539 in surplus. Mayor Fadness called 2016 a year of “sustaining and maintaining what we have”.
While Fishers expenditures, outstanding debt obligations and full time employees per capita are less than most other Hamilton County Communities, we’re able to maintain a high quality of life for our residents by employing smart, entrepreneurial initiatives.
Under the proposed budget, the tax rate will return to 2014 levels of 63 cents per $100 of assessed value. Fishers’ tax rate remains the lowest of Indiana’s 15 largest cities.
The budget reflects no increase in health insurance premiums for employee or employer. All civilian employees will receive a 2 percent merit increase.
The budget will be considered for final adoption by Fishers City Council on Oct. 19. View the full budget and presentation here.
Tag(s): Municipal Budget
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