Mayor Stimpson releases proposed budget for FY 2024

Aug 18th, 2023

Posted in: Public NoticePress ReleaseMayorFinance

- August 18, 2023 –

For Immediate Release:

Mayor Stimpson releases proposed budget for FY 2024

Mobile, Ala. — Attached is the City of Mobile's proposed budget for Fiscal Year 2024. It was delivered to the members of the Mobile City Council this afternoon. Below is a statement from Mayor Sandy Stimpson about this year's proposed budget. The document also contains a letter from Mayor Stimpson to the members of the Mobile City Council regarding the proposed budget. A copy of the proposed budget is also available at: https://www.cityofmobile.org/uploads/230818034518COMFY2024ProposedBudgetDocument.pdf

Statement from Mobile Mayor Sandy Stimpson: "There are many things to be excited about in the proposed budget for Fiscal Year 2024. The addition of 19,000 new residents is projected to bring in new revenues that will benefit ALL Mobilians. Recent changes to our Capital Improvement Program mean we'll now be distributing even more funding to address the infrastructure and community needs in all seven City Council districts. In addition to those changes, I am proud that this budget also includes a proposed 5 percent raise for City employees, which will help us take care of our staff members and remain competitive in the marketplace.

The City of Mobile's financial position remains strong. As always, we plan to continue paying down debt while providing the best possible services to our citizens and maintaining a mandatory reserve equal to two months of our operating expenses. I want to thank our staff and specifically our finance team for the hard work that went into preparing this proposed budget for the coming fiscal year."