The city budget will increase by $100 million in 2023. The vote came in at 21-1 Monday night, approving a $1.4 billion budget for the City of Indianapolis. Here’s the breakdown:
Public health + safety
A record $300 million will go toward public safety spending.
- Nearly 30% will go to IMPD. This will increase first-year pay for officers + introduce a $10,000 signing bonus, in the hopes of filling 200 positions.
- 22% each is slotted for the Department of Public Works and the Indianapolis Fire Department.
- $2 million will be allotted for a physician-led emergency response team.
About $400 million in total will be dedicated to infrastructure projects. This is part of a five-year plan involving $1.1 billion.
- $157 million will be set aside for storm-water improvements.
- $288 million is allotted for roads, bridges + greenways.
These organizations are owned by the county, meaning the Municipal Corporation Committee of the City-County Council reviews + approves all of their ordinances and resolutions.
- $130 million will go to IndyGo.
- The Indianapolis Public Library is receiving $76 million.
- $315 million is being allotted for the Health and Hospital Corp. of Marion County.
- $156 million is going to the Capital Improvement Board.
- The Indianapolis Airport Authority will receive $247 million.
A few more details
- One aim of the budget is to bring in $89,000 more than it spends.
- The city is spending $27 million to give homeowners a property tax break of up to $150.
- This is is the sixth straight balanced budget passed with bipartisan support — without selling public assets or a tax increase.