Fiscal Year 2024 Budget Book is Available to the Public

The City of Paducah Fiscal Year 2024 Budget Book is available to the public. The 238-page document includes a variety of information including a budget message from the City Manager. The Budget Book discusses City Commission priorities, projects, and budget challenges, budgets for each department with fiscal year 2023 accomplishments and fiscal year 2024 goals, a history and statistical section, and a glossary. The City’s fiscal year is from July 1 through June 30.

Mayor George Bray said, “I encourage the public to review the budget book on the City’s website. Paducah prides itself on being fiscally responsible and transparent. Together these values have been the cornerstone of our financial success. The budget process begins each January and takes months to complete. I want to thank City Manager Daron Jordan, Finance Director Jonathan Perkins and the Finance Department, and the City’s Leadership Team for their work to incorporate into the budget the priorities outlined by the Paducah Board of Commissioners.”

Read the Budget

A few of the budget highlights include

• Considering all funding accounts, Paducah’s budget is $99.2 million with the City’s main operating fund, the General Fund, incorporating $46.1 million of that total.
• The City is investing approximately $1.2 million toward economic development by supporting Greater Paducah Economic Development (GPED), the Community Scholarship Program, Sprocket, Barkley Regional Airport, downtown development programs, and more.
• As compared to the fiscal year 2023 funding, the City is increasing the funds appropriated for street rehabilitation nearly 30 percent.
• As a financial buffer, the City sets aside of minimum of ten percent in reserves in several funds including the General Fund, Investment Fund, and Solid Waste Fund.
• A total of $173,000 is being provided to not-for-profit agencies selected through the Grant-In-Aid process.

Read the entire budget book by visiting  City Budget. Visit Commission Priorities to learn about the priorities adopted by the Paducah Board of Commissioners.

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