PR -- 08 18 13 Budget Introduction

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NEWS RELEASE

FOR IMMEDIATE RELEASEAUGUST 18,2014

MEDIA CONTACT:

Marc Lotter

Communications Director

Office of Mayor Greg BallardCity of Indianapolis

[email protected]: (317) 726-6589

www.indy.gov-Facebook-Twitter-Flickr

Mayor Ballard Unveils 2015 Proposed Budget

INDIANAPOLIS Mayor Greg Ballard today unveiled his 2015 budget proposal to the City-County Council. Theproposed budget totals $1.034 billion, up slightly from $999 million in 2014. The plan holds most agency budgets

stable and does not use one-time monies from TIF districts or the Fiscal Stability Fund to balance the budget. It cuts

the structural deficit from $37 million in 2014 to $25 million in 2015.

Despite slow increases in income and property tax revenue, the City will still receive $63 million less in 2015 than in

2008, before the Great Recession and the implementation of property tax caps.

Thisbudget invests in our prioritiespublic safety, parks, and neighborhoods, Mayor Ballard said. It is austere

and controls the growth of spending. It keeps the city on strong financial footing and provides for the on-going

prosperity of Indianapolis.

The 2015 budget prioritizes public safety and criminal justice, which represent 90 percent of the General Fund. It

funds contractual raises for police and fire and funds the state mandated increased retirement payments.

Details on the 2015 budget proposal:

Includes 50 new IMPD recruits funded within the IMPD budget

o The 2015 budget contains funding for 80 new officers hired in 2014

o 2015 projected attrition is 42 officers

Includes 20 new IFD recruits funded within the IFD budget

Maintains the $2 million Crime Prevention Grant

Uses the remaining $7.3 million balance from RebuildIndy for infrastructure improvements

Does not assume any funding from RebuildIndy 2

Uses $6 million from parking meter revenue for infrastructure improvements

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Mayor Ballard also urged the Council to pass his separate proposals to hire the largest IMPD force in the history of

the department and provide affordable, high-quality pre-school to children from low-income families.

The City-County Councils bi-partisan IMPD Staffing Commission recommends an increase in the PublicSafety Income Tax of 0.15 percent

o The average Indy household (median income of $42,606) would pay $5.32 per month

The proposal would generate $29 million annually to be spent on public safety/criminal justice

o City public safety funding would increase by $16 million

o County public safety funding would increase by $11 million

o Other local units of government would receive $1.9 million for public safety

Will invest $50 million over a 5-year period to provide affordable, high-quality pre-school scholarships to

Indy 4-year-olds

o $25 million from City funds

o $25 million from other government/philanthropic grants

City funding provided by elimination of Local Homestead Tax Credito Not the $45,000 State-controlled Homestead Deduction

o 46 percent of Marion County homeowners would not be impacted, as they are already at the 1

percent property tax cap

o Average impact on the remaining 54 percent of households would be $22 per year, or $1.84 per

month

The City-County Council will now begin approximately two months of budget hearings. State law requires that it be

passed prior to November 3, 2014.

Click herefor the 2015 budget presentation.

Click herefor the 2015 budget book as introduced to the City-County Council.

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