HUTCHINSON, Kan. — The 2025 City of Hutchinson budget proposal will spend down much of the city's ending balance.
According to budget documents, the 2025 Budget proposal shows a beginning general fund balance of approximately $5.3 million with a projected 2025 year-end fund balance of under $1 million.
Normally, trends would indicate that the general fund ending balance would be higher than budgeted because the city typically does not spend the full budget. Sales tax collections will greatly impact the balance in 2025.
The 2025 budgeted expenditures of $47,169,865 exceed the 2024 general fund budgeted expenditures of $44,581,726.
The 2024 assessed valuation for 2025 budget purposes ($380,287,477) reflected a 5.1% increase from the 2023 assessed valuation of $361,840,574.
The 2025 city budget hearing is scheduled for 9 a.m. Tuesday, Sept. 3 at City Hall.