City of La Porte 2025 Municipal Budget Overview
The City of La Porte's budget for 2025 focuses on fiscal responsibility, infrastructure improvements, and public safety. It outlines budget challenges, priorities, and goals for the year, aiming to continue its commitment to a structurally balanced budget. The budget summary includes cash balances, receipts, disbursements, and net cash flow for various funds.
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Presentation Transcript
City of La Porte Budget Municipal Budget for 2025
Overview 2025 Budget Challenges 2025 Budget Priorities: Continue Fiscal Responsibility 4th Structurally Balanced General Fund Budget Fulfilling Commitments Infrastructure Improvements WIN THE WAR ON DRUGS Public Safety focus by proactive approach Budget Summary 2024 Goals: Status Report 2025 Goals Questions cityoflaporte.com
Budget Challenges and Assumptions Circuit Breaker Losses (Tax Caps) . Continue to grow our net assessed value New Governor & Legislature Priorities and Agenda? cityoflaporte.com
2025 Budget Priorities Fiscal Responsibility Structurally Balanced Budget Commitment Continue creating efficiencies and funding alternatives to strengthen our city s future 2022 was the first structurally balanced general fund 2024 is the first known occasion in which the budget is balanced across all tax funds Living within our means WIN the war on drugs Public Safety focus with Proactive Approach Continue social worker/community resources to help those with drug addiction Increase officer presence to STOP the trafficking of drugs in our community Fulfilling Commitments Infrastructure Improvements Roads, Roads, Roads! Maximize dollars for further improvement of roads and sidewalks Continuing momentum on water/wastewater infrastructure projects State Road 35/Indiana Avenue & 39 North Annexation SPOTLESS LA PORTE Street Department to continue their multi-task approach Pothole free, weeds, signs, plowing, trees, storm cleanup, and winter chip seal to name a few cityoflaporte.com
Budget Summary Est. Cash Balance 01/01/2025 $3,996,014 $1,522,697 Est. Ending Cash 12/31/2025 $3,996,163 $436,550 $300,403 $476,038 $1,864,332 $788,866 $485,390 $154,305 $430,323 Receipts Disbursments Net Cash Flow Cash Reserves % General MVH LRS Park LIT ED LIT PS Riverboat CCI CCD $12,339,927 $1,471,498 $397,909 $1,875,721 $2,093,539 $2,248,744 $93,000 $37,637 $329,621 $12,339,778 $2,557,645 $397,841 $1,875,721 $2,025,352 $2,172,000 $92,000 $149 32.38% 17.07% 75.51% 25.38% 92.05% 36.32% 527.60% -$1,086,147 $300,335 $476,038 $1,796,145 $712,122 $484,390 $116,668 $289,314 $68 $0 $68,187 $76,744 $1,000 $37,637 $141,009 $0 $188,612 228.15% cityoflaporte.com
2024 Goals: Status Report Maintaining the new standard of a structurally balanced budget across all funds. Living within our means Evaluating all alternative funding sources Continuing Investments to improve our infrastructure. Letter and number streets Continuing efforts to grow our net assessment through development of all types. Focus on growing our net assessment Net assessed value up another 13 percent Overcoming circuit breaker losses of 30 percent Explore annexation opportunities in currently serviced areas 39 North Conservancy District annexation completed cityoflaporte.com
Questions? cityoflaporte.com
