FY23/24 Tenative Budget

The Mayor and his budget officer are responsible for providing a budget to the City Council on or before the first regularly scheduled Council meeting in May. The City Council then makes any changes and adjustments. The tentative budget is then given to the public for comments, and adjustments may be made due to public input before final passage.

The purpose of the budget is to provide the City Council with a management tool that identifies, proposes, and implements the policies and goals of the City. The budget is a financial plan carried out by line item activity budgets, with the City Manager and department heads being responsible for implementing and meeting the goals of the Mayor and Council by using the resources provided to them in a manner that efficiently and effectively meets those goals. 

The budget process allows for a time when the public has an opportunity to voice its opinion on how the City should use its resources. Hereafter is the proposed budget (labeled “Original Budget) for the fiscal year 2023/2024, the actual totals for the most recent fiscal (2023 Actual) year as compared with the current year budget, and the actual revenues and expenditures for the 2019/2020 and 2021/2022 fiscal years. 

RICHFIELD CITY is proposing to increase its property tax revenue. All concerned citizens are invited to a public hearing on the tax increase. The meeting will be held on August 8th, 2023, at 7:00 PM in the Richfield City Office Council Room.