Council adopts $393.48 million budget, approves fee increases and foregone levy

Director of Municipal Services Director Alexander reviewed the budget process, timeline and changes that followed receipt of revised property-valuation numbers. She told the council staff had adjusted the 1% foregone revenue figure slightly upward and reduced the one-time capital foregone from $350,000 to $250,116 without changing the levy rate.

During the meeting the council voted to adopt the fee resolution (effective Oct. 1), approve the 1% foregone levy of $540,078 and allocate $250,116 of foregone balance toward one-time capital projects for fire and parks and recreation. The clerk read the annual appropriation ordinance into the record specifying that it appropriates "$393,483,954 to defray the expenses and liabilities of the city of Idaho Falls for said fiscal year."