What is in the Mayor’s Proposed Budget this year?

On April 16th, Mayor Linda Gorton released her proposed budget for Fiscal Year 2024/25, which for LFUCG is from July 1, 2024 – June 30, 2025. This 500 page document sets how the City of Lexington spends its revenue, on programs, staff, equipment, projects, and more. At CivicLex, we like to say that the budget is a direct expression of what our city values, literally!

The FY 24/25 budget is the largest in Lexington’s history. The General Fund, the largest and most versatile ‘pot’ of money the city has, is $531.8 million, and the total budget is over $938 million. However, a lot of the conversation around the budget this year is about how the recent growth of Lexington’s revenue is starting to level off – the federal money from the American Rescue Plan Act (ARPA) is all allocated and mainly spent, and Lexington’s economy is still growing, but not as quickly as it has over the past few years.

Republished from CivicLex.

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