HUTCHINSON, Kan. — The City of Hutchinson will be collecting more actual dollars in taxes for its 2024 budget than it did in 2023. Exceeding the Revenue Neutral Rate was approved by the City Council on July 18.
In 2023, the mill levy was 41.555. The official budget is at 40.326 and the Revenue Neutral Rate is 39.104.
That is the ceiling for the city's budget. They can always spend less and do so almost every year, but they can't spend more than what they said in their budget publication from mill levy dollars.
The City budget also includes the Hutchinson Recreation Commission (HRC) budget with a proposed 2024 mill levy rate of 3.613, which exceeds their revenue neutral rate.The HRC has held their required public hearings.
Changes that have happened since publishing the proposed budget include possibly reducing amount paid to the Chamber of Commerce in order to transfer an additional $100,000 to the Economic Opportunity Fund.
On the state form, any projected 2024 ending cash balances are included in the expenditures to allow budget authority to spend the balance. This helps prevent budget amendments in the case of unexpected expenditures.
The city's 2024 budget authority including recreation is $ 108,790,336 on taxes levied of $15,898,861.
The Hutchinson City Council meets at 9 a.m. Tuesday at City Hall.
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