City of Malvern Budget

Summary

The City of Malvern's proposed budget for fiscal year 2025 includes a total tax levy rate of $13.59 per $1000 valuation on regular property and $3.00 per $1000 valuation on agricultural land. The budget estimates total revenues and other financing sources of $8,814,612 and total expenditures and other financing uses of $8,766,933. The city's long-term debt schedule includes general obligation bonds, TIF bonds, revenue bonds, loans, and lease-purchase payments, with a total principal due of $329,860 and total interest due of $97,497. The city's budget is subject to protest, and a public hearing will be held to discuss the proposed budget.

Details

Subject

City of Malvern Budget

Summary

The City of Malvern's proposed budget for fiscal year 2025 includes a total tax levy rate of $13.59 per $1000 valuation on regular property and $3.00 per $1000 valuation on agricultural land. The budget estimates total revenues and other financing sources of $8,814,612 and total expenditures and other financing uses of $8,766,933. The city's long-term debt schedule includes general obligation bonds, TIF bonds, revenue bonds, loans, and lease-purchase payments, with a total principal due of $329,860 and total interest due of $97,497. The city's budget is subject to protest, and a public hearing will be held to discuss the proposed budget.

Report Date

2024-04-08

Report Type

annual

Report Title

City of Malvern Budget

Authoring Body

City of Malvern

Reporting Period

2024-07-01 to 2025-06-30