FORT WAYNE, Ind. (ADAMS) – Mayor Tom Henry said Fort Wayne’s financial health is in good shape as he and City Comptroller Garry Morr announced the proposed 2023 budget for the City of Fort Wayne on Monday.
The City of Fort Wayne released the following:
The plans call for record investments in neighborhood infrastructure improvements totaling $51.3 million when combined with improvements through the Department of Parks and Recreation and a Southeast Fort Wayne plan through the through the Community Development Division. Additionally, continued proactive investments in public safety will help make Fort Wayne the safest community possible.
Fort Wayne’s financial health is in good shape.
Earlier today, I was thrilled to announce the 2023 draft budget for the city of Fort Wayne.
To see the budget, visit https://t.co/oLmbDoFDuP pic.twitter.com/jD8A1w3cHP
— Mayor Tom Henry (@MayorTomHenry) September 26, 2022
Budget 2023 Highlights:
*Balanced budget with a 6.7% reduction in the City’s tax rate
*Continued commitment to neighborhood infrastructure projects with a planned record investment of $48.3 million, including $39.5 million for streets, roads and bridges, $6.4 million for sidewalks and alleys and $2.4 million for trails.
* The Fort Wayne Police Department will add 15 officers to bring the planned number of officers patrolling city streets to protect the public to 500. The FWPD will incorporate additional body cameras and there will be a new military service bonus. The first river patrol will be put in place due to the increased use of our waterways.
* The Fort Wayne Fire Department plans to add two new engines to replace Engines 12 and 18. The 95th class of recruits is planned, and the department will make enhancements to its specialized response team for rescue situations.
* Investments in maintenance projects through the Parks and Recreation Department totaling $3 million, and a $10 million obligation for the Franke Park Renaissance Plan.
* Using the Indiana State’s authorized tax levy to help preserve the funding needed to provide essential services
* The property tax-funded budget, including SAI – public safety, also known as the civil city budget, totals $215.4 million. This budget does not include Fort Wayne City Utilities, which has its own taxpayer-funded budget.
“Fort Wayne continues to experience growth and success, and the proposed 2023 budget demonstrates that we are positioned for even better days for our community,” Mayor Henry said. “Fiscal discipline is essential as we work together to meet the needs, wants and desires of residents, neighborhoods and businesses. We look forward to a productive 2023 with investments planned for each quadrant that will make a lasting and meaningful difference. »
Examples of positive indicators for moving forward:
* Local property assessments continue to rise
*Constant revenue growth has allowed the City to maintain a very strong fund balance over the past few years
*Thanks to strong budget management in partnership with the City Council, the City has sufficient cash reserves to be able to respond to emergencies in uncertain times
Mayor Henry’s administration will present the budget to City Council tomorrow evening. The budget is available here.
Fort Wayne has become an award-winning community in multiple categories through a commitment to engagement, innovation and performance. Fiscal responsibility is a best practice measure that has helped Fort Wayne gain national recognition.
2022 City of Fort Wayne Awards Highlights:
*3rd best managed city in the country and number 1 in Indiana by WalletHub
*Most affordable city in the country by niche
*25th most affordable city in the country according to Kiplinger
*7th largest emerging housing market according to the Wall Street Journal and Realtor.com
* Best place to live in Indiana and 48th best place to live in the country according to US News & World Report’s Best Places to Live ranking
* Named one of the seven most remarkable places in the country to retire by Kiplinger
*4th best minor league sports city based on livability
* 8th best city in the nation for new college grads to start a career by Insurify