FY25 Proposed Budget

Upcoming Challenges:

• Support implementation of inclusive economic development initiatives • Kick off public-private partnership development process at 21 S. Linn Street • Promote investment in Highway 6 Commercial Tax Abatement Area • Implement programs with ARPA funding to support local SSMIDs, small businesses, and arts and culture

Budget highlights

Service Level Change Summary

There are no service level changes included in the fiscal year 2025 budget.

Financial Highlights

Total expenditures decreased by 78.0% in fiscal year 2025 due to the 2024 land purchase. Services account for 85.6% of the fiscal year 2025 Economic Development expenditure budget of $1,265,500.

Community Development Assistance includes funding for the following appropriations:

$430,400 Convention and Visitors Bureau hotel/motel tax pass through 60,000 City of Literature 67,000 Summer of the Arts 70,000 Englert Theater 25,000 Entrepreneurial Development Center, Inc. 32,000 Film Scene 25,000 Multicultural Development Center of Iowa 20,000 Riverside Theatre 5,000 EntreFest

Staffing Level Change Summary

There are no staffing level changes in the fiscal year 2025 budget.

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