The Tracy City Council on Monday adopted the 2025 budget and certified the final tax levy for the 2024 Fiscal Year.
The levy amount was set at $1,589,445 — 4% increase over the 2023 tax levy.
Total expenditures for the 2025 budget at 9,520,392 on revenues of $9,227,550. The total net position of the City is projected to decrease $292,842, due to use of the fund balance.
Fee increases include a 4% increase in water fees, an 8% increase in sewer feels and an increase of $2 per month to $9.50 a month for storm sewer.
The 2025 budget assumes Local Government Aid of $1,057,094