Mayor Schmitz encouraged fellow commissioners to take a long-term view of the City’s funding needs as they work with their assigned portfolios and departmental directors in creating the 2024 budget
Bismarck, N.D. – According to the statement, Mayor Schmitz also outlined several foundational expectations as they move forward with the process.
City officials have announced that first there will be no increase to the city’s real estate effective tax rate.
Mayor Schmitz is seeking a change in policy to decrease the City’s reserve fund from 60 percent to 30 percent, releasing approximately $15 million to be used for utility bill relief and to help fund new fire and police stations.
And last, but not least important, there are to be no staff increases unless it is needed to protect the property and safety of citizens.
The Commission is currently reviewing utility rates. In addition to the proposal set forth by the consultants, Schmitz suggested that a portion of funds taken from the City’s reserve fund be used to provide relief in the water rates.
For every million dollars invested from the reserve funds into water needs, a monthly utility bill could provide relief of 30 cents.
Mayor Schmitz reinforced the need for a long-range vision when planning the budget.