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Paducah's city budget for 2025 is available for viewing online

Paducah's city budget for 2025 is available for viewing online
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By West Kentucky Star staff
Jul. 09, 2024 | PADUCAH
By West Kentucky Star staff Jul. 09, 2024 | 01:57 PM | PADUCAH
The City of Paducah Fiscal Year 2025 budget book is now available to the public. 

The 123-page book discusses City Commission priorities, projects, and budget challenges, budgets for each department with 2024 accomplishments and 2025 goals. 

A few of the budget highlights:

The budget provides funding to support City Commission priorities including approximately $1 million for housing initiatives and approximately $1.2 million for stormwater projects. 

The city is further increasing its funding for street rehabilitation with $2 million budgeted for this fiscal year in addition to the amount received from the state fuel tax. This is a significant increase from the budgeted amount in 2024 which was $1.5 million, and the $1.2 million budgeted in 2023.

A total of $812,000 is being provided through contracts with various agencies. This amount includes a pledge of $500,000 to support the Columbia Theatre’s façade stabilization project.

As a financial buffer, the city sets aside of minimum of ten percent in reserves in several funds including the General Fund, Investment Fund, and Solid Waste Fund.

The FY2025 budget is slightly more than $120.8 million dollars when all funding accounts and transfers are considered. 

Of that amount, the city’s main operating fund, the General Fund, is $57.6 million, and the Investment Fund is $8.3 million.

The city’s fiscal year is from July 1 through June 30.  The book is available on the City of Paducah's website.
 
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