The Indianapolis 2023 budget is one step closer to finalization. There was no public comment on the proposed $1.4 billion spending package during Monday night’s City-County Council meeting.
The new operational budget hikes yearly spending with record funding going to public safety. More than $300 million is set aside for IMPD and includes funds to recruit and retain officers.
Close to $400 million in infrastructure improvements is budgeted as part of $1.1 billion in planned spending over the next five years.
Other departments that will see a budget increase include the coroner's office, the courts and the Indianapolis Fire Department.
The proposal includes a property tax relief package for homeowners. Property valued at $250,000 or less will receive a $150 credit. Property valued between $250,000 and $400,000 will receive $100 credit. The credit will be on Spring 2023 property tax bills.
Budget proposals for other agencies, including IndyGo and the Health and Hospital Corporation, also passed without public comment.
A separate proposal to issue bonds of up to $25 million for a new fire station and City Market improvements also passed.
Another proposal approves an additional $1 million to purchase land from the Indianapolis Housing Agency, or IHA, which is millions of dollars in debt. Republican Councilor Michael-Paul Hart referred to a recent audit of the agency.
“The property management, which is outlined inside of this document, in the audit and many, many other things, just shows you that there is a lot of work to be done there,” Hart said.
The council will vote on the final passage of the budget later this month.