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NEWS RELEASE
Date: Oct. 22, 2024
Contact: (317) 571-2474 or media@carmel.in.gov
Release: Immediate
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Approved budget supports city’s bold goals
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CARMEL, Ind., Oct. 22, 2024 - Carmel City Council members on Monday night approved a 2025 budget that aligns with the city’s bold strategic goals and addresses the complex challenges of the growing city.
The approved budget totals $232.6 million, with a General Fund budget of $143.9 million. Carmel’s budget for 2024 was nearly $209 million.
“Thanks to broad input from the community and the support of the council, we have aligned our planned spending with our community’s evolving needs,” Mayor Sue Finkam said. “Like any prosperous city, we are addressing competing needs in a time of escalating costs and our budget prepares us to thrive."
In his opening remarks, council president Tony Green, who led the council through a comprehensive review of the budget, was a strong partner in the process. "I enjoyed having the council debate and discuss details of the budget and look forward to working with the mayor to ensure dollars are used in an accountable and effective manner."
The 2025 proposed city budget was provided to the council Sept. 1 then was outlined in budget workshops late last month and was formally introduced to the council on Oct. 7.
For the first time, the city pursued a zero-based budgeting model, an approach widely recognized for supporting data-driven, transparent operations, as well as fiscal discipline.
The budget continues strategic investments for the city that supports the Elevate Carmel strategic plan goals including:
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World-Class Public Safety
Ensuring unparalleled community protection through proactive risk management and professional emergency response.
Fiscal Responsibility
Optimizing resource allocation to guarantee long-term financial stability and growth.
Aesthetic Appeal
Cultivating a visually stunning community that captivates residents and visitors.
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Livability
Fostering an environment rich in diverse and engaging experiences for individuals and families.
Innovation and Growth
Nurturing a thriving ecosystem for city initiatives and businesses, embracing bold opportunities to expand, modernize and drive economic prosperity.
Employer of Choice
Hiring high-performing team members who can faithfully deliver on our mission.
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"The approved budget positions our city to be a model of fiscal responsibility and innovation," said Mayor Finkam. "We are building a brighter future for our city and all who call Carmel home."
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About the City of Carmel, Indiana
The City of Carmel is a thriving community in Central Indiana and is ranked one of the most livable mid-size U.S. cities. Known nationwide for pioneering urban design, Carmel has received numerous awards for its community amenities, quality of life, business environment and excellent schools, and continues to build community for those who live, work, play and visit the city. For more information, visit www.carmel.in.gov.
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