BRADENTON — During a second budget hearing held on Tuesday, Sept. 24, the Manatee County Commission approved the adoption of an FY24-25 gross budget totaling $3.2 billion, including a .15 millage rate reduction.
The approved annual gross budget represents an increase of roughly $342 million over the last fiscal year's adopted budget, which was approved at roughly $2.9 billion gross. The net budget for FY25 is $1,328,221,815.
County Department spending accounts for 19% of the approved budget at $618 million, up from $537 million the previous fiscal year.
See the images below of approved departmental funding for FY25 as compared to last fiscal year.
The approved budget includes a $5.16 billion five-year capital improvement plan for FY25-29, with an FY25 investment of $516 million. The most recent five-year plan includes 60 new projects, for a total of 788 projects.
Some of the big ticket items included on the “highlighted projects” list of the approved five-year Capital Improvement Plan include the expansion of the North Regional Wastewater Reclamation facility at an estimated cost of $255 million, construction of the Buffalo Creek Reverse Osmosis Water Treatment Plant at an estimated cost of $178 million, roadway improvements at 44th Ave East and 44th Ave Plaza East in Lakewood Ranch for $192 million, and the county’s downtown Administrative Building parking garage for an estimated $103 million.
Manatee County also approves the budgets of constitutional offices. The Manatee County Sheriff’s budget has been approved to receive a 20% increase in FY25, for a total budget of $235.1 million. This increase will go toward creating 61 new personnel positions and to apply increases to existing salaries.
See the images below of approved constitutional office funding for FY25 as compared to last fiscal year.
The county’s reserves for FY25 total $735 million, with reserves for contingency at $62,691,197.
The county's next fiscal year will begin on October 1, 2024.
To view the Adopted Budget “snapshot” presentation for FY25, click here. To view the previous fiscal year snapshot presentation, click here.
To review all available budget materials, visit www.mymanatee.org/departments/financial_management/budget_materials
To replay the Sept. 24, 2024, final budget adoption hearing, click the video below.
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