NOTICE OF PUBLIC HEARING
PROPOSED BUDGET FOR FISCAL YEAR 2023-2024 (FY 2024)
CITY OF CHUBBUCK
A public hearing, pursuant to Idaho code 50-1002, will be held for consideration of the proposed budget for the fiscal year from October 1, 2023, to September 30, 2024 and for the consideration of the proposed use or reserve of forgone property taxes for the fiscal year from October 1, 2023 to September 30, 2024. The hearing will be held at Chubbuck City Council Chambers, 290 E Linden St, Chubbuck, Idaho at 6:00pm on August 2, 2023. All interested persons are invited to appear and show cause, if any, why such budget should or should not be adopted. Copies of the proposed City Budget are available at Chubbuck City Hall during regular office hours. City Hall is accessible to person with disabilities. Anyone desiring accommodations for disabilities related to the budget documents or to the public hearing please contact the City Clerk’s Office, 237-2400 at least 48 hours prior to the public hearing. The proposed FY2024 budget is shown below as FY2024 proposed expenditures and revenues.
| PROPOSED REVENUE | FY2022
Budget Revenues |
FY2023
Budget Revenues |
FY2024
Proposed Revenues |
| Property Tax Levy
General Fund Highway, Streets Tort Claim Ins. |
5,559,550 927,000 185,000 |
5,883,814 945,540 185,000 |
7,787,821 1,201,406 215,000 |
| Total Property Tax Levy | 6,671,550 | 7,014,354 | 9,204,227 |
| Revenue Sources Other Than Property Taxes | |||
| General Fund | 2,403,995 | 2,570,080 | 2,847,669 |
| Highway, Streets & Roads | 950,000 | 1,354,460 | 1,968,194 |
| Water Fund | 2,750,000 | 4,701,300 | 4,938,400 |
| Wastewater Fund | 3,250,000 | 3,673,000 | 6,364,000 |
| Sanitation Fund | 1,850,000 | 2,442,900 | 2,952,800 |
| Grand Total All Funds | 17,875,545 | 21,756,094 | 28,275,290 |
| PROPOSED EXPENDITURES | FY2022 | FY2023 | FY2024 |
| Budget | Budget | Proposed | |
| Fund Name | Expenditures | Expenditures | Expenditures |
| General Fund | 8,148,545 | 8,638,894 | 10,850,490 |
| Highway, Streets & Roads | 1,877,000 | 2,300,000 | 3,169,600 |
| Water Fund | 2,750,000 | 4,701,300 | 4,938,400 |
| Wastewater Fund | 3,250,000 | 3,673,000 | 6,364,000 |
| Sanitation fund | 1,850,000 | 2,442,900 | 2,952,800 |
| Grand Total | 17,875,545 | 21,756,094 | 28,275,290 |
The proposed expenditures and revenues for fiscal year 2023-2024 have been tentatively approved by the city council. Citizens are invited to attend the budget hearing, August 2, 2023, 6:00pm.
Rich Morgan, City Treasurer
Please Publish two times : July 25 and August 1, 2023