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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
-MORE-
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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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http://www.indy.gov/eGov/Mayor/Documents/2014/2015%20Budget%20Presentation.pdfhttp://www.indy.gov/eGov/Mayor/Documents/2014/2015%20Budget%20Presentation.pdfhttp://www.indy.gov/eGov/Mayor/Documents/2014/2015%20Introduced%20Budget%20Book%208%2018%202014.pdfhttp://www.indy.gov/eGov/Mayor/Documents/2014/2015%20Introduced%20Budget%20Book%208%2018%202014.pdfhttp://www.indy.gov/eGov/Mayor/Documents/2014/2015%20Introduced%20Budget%20Book%208%2018%202014.pdfhttp://www.indy.gov/eGov/Mayor/Documents/2014/2015%20Budget%20Presentation.pdf
