The Edgerton City Council approved the FY2024 budget during their meeting on September 14. The new budget slightly lowers the mill rate to an estimated 29.671 for the coming year while adding additional programs to help homeowners.
For the 2024 budget year, the City Council approved a new senior property tax rebate program that would allow qualified residents over age 65 to get back some or all of their City property taxes. Details of the program have not been determined yet.
The City is also taking over a popular residential property beautification grant from ElevateEdgerton! This grant program previously offered homeowners up to $500 in rebates for projects that improve the front exterior of their homes. Council will explore expansion options for the grant.
The new budget continues the City’s primary focus on public safety, street maintenance and infrastructure. Major changes to the FY 2024 budget include a 10% increase in the policing contract with the Sheriff’s Office and an estimated 20% increase in cyber security insurance premiums.
The creation of the City’s annual budget always includes opportunities for public engagement. The process started with the Capital Improvement Plan project list, which is reviewed and approved each October.
Edgerton City Administrator Beth Linn and Finance Director Karen Kindle presented the budget to the City Council during a work session in early July. Over the summer, Council Members took feedback from residents and finally held a public hearing on the budget in late August.
The FY2024 budget goes into effect on January 1.