Mayor Pete Buttigieg presented the 2014 Budget Overview to the Personnel & Finance Committee on August 14, 2013.
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Almost two years into his first term, Mayor Pete Buttigieg reflected on South Bend’s recent achievements and outlined initiatives for the year to come. “A budget is not just a fiscal document. It’s a statement of our priorities,” Mayor Buttigieg says. “This coming year, our third year together, brings a chance to consolidate our gains, and accelerate down the right track.”
The budget will fund initiatives to create jobs and establish smarter streets, accelerate the program on vacant and abandoned homes, further develop robust IT infrastructure, continue to improve customer service, and further professionalize city government through an updated organizational structure.
The Mayor’s General Fund budget is balanced. Better use of technology and a leaner organization will allow City operations to be run with 1,146 full-time employees in the 2014 budget, down from 1,160 in 2013. The City has cut overall expenditures by 3.4 percent in order to stay on a fiscally responsible path, maintain acceptable cash reserves, and preserve the City’s credit rating—the best of any class-two city in Indiana. A reduction of about $2 million from property taxes because of changes to assessments, circuit breaker credits, and other exemptions, makes new efficiencies necessary.
Last year, the City’s economic development contributed to 1,391 jobs retained and another 536 announced for the future. Continuing to drive investment and grow jobs is a top budget priority. The 2014 budget also paves the way for interventions on key corridors and downtown thoroughfares with over 10 million dollars for streetscape improvements.
“We are well on our way to delivering the changes that residents hired us to make,” Mayor Buttigieg says. “In reality, perception, and reputation, our city is improving. We’re changing the way we do business, embracing what our residents want and working together to become stronger than ever before—fueling our city’s accelerating comeback.”