Grand Rapids Business Journal
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The Grand Rapids City Commission on Thursday approved a $546 million fiscal year 2022 spending plan that continues current municipal service levels and meets financial obligations for existing contractual agreements something that many municipalities across the country have not been able to do due to the pandemic.
The recommended “continuation” budget also aids in pandemic response and local economic recovery. The general operating fund portion of the proposed budget is just shy of $156 million (29% of the total budget).
Funding through the American Rescue Plan Act (ARPA) will enable the city to sustain services in the current fiscal year and supports future budgets through FY2025. The city expects to receive approximately $92 million in relief through the ARPA over two fiscal years. The first payment of approximately $46 million is expected this summer, and the remaining payment should arrive one year later.
Grand Rapids Business Journal
Plan continues current service levels and meets financial obligations for existing contractual agreements.
Grand Rapids City Manager Mark Washington recently presented the first of several planned reports on the fiscal year 2022 preliminary fiscal plan to the city commission.
The proposed $546 million spending plan continues current service levels and meets financial obligations for existing contractual agreements, which is something that many municipalities across the country have not been able to do due to the pandemic.
The recommended “continuation” budget also aids in pandemic response and local economic recovery. The general operating fund portion of the proposed budget is just shy of $156 million 29% of the total budget.