City News

Posted on: March 7, 2017

City Council Approves Fiscal Year 2018 Budget

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At its meeting on March 6th, the Indianola City Council approved the City’s Fiscal Year 2018 Annual Operating and Capital Budget, totaling $28.4 million.  The FY 2018 budget is balanced with all operating expenditures covered by current revenue sources. Capital expenditures come from current revenues and reserves in excess of the City Council’s newly adopted Financial Policy.

“Adherence to the City’s newly adopted Strategic Plan and a commitment to the public’s quality of life were our top priorities in preparing the FY 2018 budget,” said Mayor Kelly B. Shaw. “Past policies used by the City have given us the flexibility to implement new strategies, like zero based budgeting, which have led to further fiscal efficiencies in the use and allocation of taxpayer dollars.”

Compared to the FY 2017 budget, the FY 2018 budget reflects a $4.5 million increase primarily due to capital expenses, especially for public safety and much needed technology upgrades.  However, because of the care taken with the FY 2018 budget, tax rates will remain the same for residents for the third year in a row.

Some of the key initiatives for FY 2018 include:

• Replacement of 17-year-old radios used by public safety personnel

• Acquisition of new breathing apparatus for fire department personnel

• Proactive inspection and maintenance of vital infrastructure (roads and sewers)

• Major improvement to a 40 year old lift station that serves a large portion of the city

• Development of a comprehensive reconstruction and rehabilitation program for the city’s streets and sewers

“I’m excited for the future of Indianola with all the work we’ve done in FY 2017 and will do in FY 2018,” said Shaw. “Maintaining healthy reserves, planning for and saving for capital projects, and linking everything in the budget to the Strategic Plan will allow for our community to responsibly grow and thrive.”

FY 2017-18 Budget Document
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