Here are the top 10 things you need to know about the budget Indianapolis Mayor Joe Hogsett is introducing Monday night to the Indianapolis City-County Council.
-
Takes in $1,212,441,180 in revenue.
-
Spends $1,212,268,739.
-
Increases city fund balances by $171,441.
-
$317 million of the city revenue is from property taxes, $354 million from incomes taxes.
-
Sixty percent of the budget is public safety and criminal justice.
-
$1.2 million set aside for police body cams if the city decides to purchase them.
-
Two-percent average salary increase for IMPD and IFD.
-
$500,000 to combat food insecurity, $300,000 for homelessness and $250,000 in additional crime prevention grant dollars.
-
$118 million for roads, bridges and other infrastructure. $31.5 million for storm water projects.
-
Pays down $12 million long-term debt and adds about $1 million to the fiscal stability fund.
