Budget crunching: - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
July 14, 2023 Newswires
Share
Share
Post
Email

Budget crunching:

Post Register (Idaho Falls, ID)

The city of Idaho Falls' 2024 fiscal year budgeting process is underway. 

The Idaho Falls City Council discussed the preliminary budget and reviewed asks from department heads Tuesday in a public meeting at the Civic Center for the Performing Arts. The council received General Fund budget presentations from the heads of nine departments — including the Idaho Falls Public Library, Fire, Municipal Services, Public Works, Human Resources/City Attorney, Community Development Services, Police, Parks and Recreation Department and the Mayor’s Office.

“The goal today is to get that high level overview so that we can have a sense of where each department is heading before we start to do the analysis where we have to make hard decisions,” said Idaho Falls Mayor Rebecca Casper in introductory remarks to the council.

As is typical at this stage of the process, the various departments' combined wants exceed the funds expected to be available. The council will work with the departments to prioritize and winnow the requests.

Council members were supplied copies of the 167-page preliminary budget Friday and the draft version is available on the city's website. The 2024 fiscal year begins on Oct. 1 and concludes Sept. 30, 2024. 

“The total proposed budget for fiscal year 2024 is $349.7 million,” wrote Eric Grossarth, Idaho Falls public information officer in an email to the Post Register. “The total adopted budget in fiscal year 2023 was $333.4 million. Funding for a significant proportion of the budget does not come from property taxes, but from utility payments, fees, and other governmental sources.”

The city anticipates revenues and resources of $279.6 million for fiscal year 2024, a $9.9 million increase of 3.7% over the fiscal year 2023 adopted budget of $269.7 million, according to the draft budget.

The 2024 fiscal year preliminary budget includes a 2% market adjustment for regular city employees’ salaries and wages and a 6% budgetary placeholder for Idaho Falls Power Department, according to the draft budget book. Negotiations are still in process with fire union employees.

"This year’s proposed salaries and benefits totaled $90,721,299 which is an increase of 7.3% compared to salaries and benefits in 2022-2023," the draft budget said.

The city faces rising costs for employee health plans.

“Health benefits were calculated using a 20% increase with a plan change of an increase to both deductible and max out of pocket expenses of the PPO and HSA plans. An additional 5% was added to smooth future funding of health insurance changes,” the draft budget book said.

The proposed fiscal year 2024 General Fund expenditures are predicted to be $71,683,775, an increase from $65,728,157 in 2023.

The city anticipates it will receive $44,540,361 from property taxes in the next fiscal  year and $35,405,401 will be allocated to the General Fund. In 2023, the city received $42,707,844 in property tax allocations, and $33,960,945 went to the General Fund.

"The General Fund is the most significant governmental fund and it is used mainly to account for general government activities such as Police, Fire, Parks, Community Development, Municipal Services, Human Resources, Legal, and some Public Works functions," the draft budget book said.

Department heads reviewed their General Fund budget requests for new employees and capital expenditures with the city council.

Combined, department heads made General Fund requests for 14 additional employees citywide — including two emergency communications officers, a victim services coordinator and two probationary police officers for the Police Department; six forestry, irrigation and maintenance employees for Parks and Recreation; an information technology systems specialist for Municipal Services; human resources analyst for Human Resources and an office assistant for the mayor and council. The total cost for requested employees is $988,850. The victims services coordinator position would be grant funded for two years.

Department leaders also asked for $5,205,700 in capital expenditures — including $2 million for a police firearms training range, $1.6 million for an Idaho Falls animal shelter remodel, $900,000 for a storage facility at the 15th East Fire Station (to be paid for with Wildland Fund revenues) and $314,500 in new equipment and park development funds for Parks and Recreation.

Jessica Clements, Idaho Falls Police Department public information officer, clarified that the police department’s funding request for the firearms training range is not an ask for new money. Rather the council must provide spending authority to apply existing contingency funds from the $30 million new police station project toward the construction of the range.

Council members will make difficult decisions this month as they determine the budget priorities for the coming year.

Although the general fund revenues increased $6.6 million, all but 7% of that increase has already been allocated.

Idaho Falls Finance Manager/Treasurer Mark Hagedorn said that the General Fund only has $450,000 available to fund the $6,005,249 they received in requests.

“That's a typical year,” Casper said. “... One of the things we will be looking at is the back and forth discussion on that $450,000, and how it could be spent given the $6 million dollars in asks.”

Deliberations over the budget will continue from 12 p.m. to 5 p.m. on July 18 and 25 at the Civic Center for the Performing Arts.

The council is scheduled to approve a tentative budget during its July 27 meeting which starts at 7:30 p.m. A public hearing will be held Aug. 10, and the 2024 budget ordinance will be adopted Aug. 24.

Older

Washington State's New Payroll Tax Helps Fund Long-Term Care. Could It Be a Model for the Nation?

Newer

Ridesharing Insurance Market Projected to Show Strong Growth : GEICO, Safeco, Allianz, USAA

Advisor News

  • Iowa House backs temporary tax hike to fill Medicaid gap
  • Iowa Medicaid temporary tax plan draws sharp public opposition
  • Charitable giving planning can strengthen advisor/client relationships
  • New $6K deduction could provide tax planning window for retirees
  • Iowa Medicaid temporary tax plan draws sharp opposition
More Advisor News

Annuity News

  • We can help find a loved one’s life insurance policy
  • 2025: A record-breaking year for annuity sales via banks and BDs
  • Lincoln Financial launches two new FIAs
  • Great-West Life & Annuity Insurance Company trademark request filed
  • The forces shaping life and annuities in 2026
More Annuity News

Health/Employee Benefits News

  • Medical debt associated with deferring dental, medical, and mental health care: Johns Hopkins Bloomberg School of Public Health
  • New Managed Care Study Findings Recently Were Reported by Researchers at University of Texas Southwestern Medical Center (Association of Vaping-Related Events with Relative Harm Perceptions of E-Cigarettes): Managed Care
  • Findings from American Public University Provides New Data about Managed Care (Public Health Impact of Wildfire Smoke Exposure: Analysis of Respiratory-Related Medicaid Claims in Wyoming): Managed Care
  • Iowa House backs temporary tax hike to fill Medicaid gap
  • Health insurance jargon can be frustrating and confusing – here’s how to navigate it
More Health/Employee Benefits News

Life Insurance News

  • New individual life premium hits record-setting $17.5B in 2025
  • Maryland orders Cigna to halt underpaying doctors or give cause
  • Insurers optimistic about their investments in 2026
  • AM Best Affirms Credit Ratings of PVI Insurance Corporation
  • Securian Financial Study Finds Americans Are Falling Into Workplace Benefits “Affordability Trap,” With Many Taking Financial Risks for Bigger Paychecks
More Life Insurance News

- Presented By -

Top Read Stories

More Top Read Stories >

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Elevate Your Practice with Pacific Life
Taking your business to the next level is easier when you have experienced support.

Your Cap. Your Term. Locked.
Oceanview CapLock™. One locked cap. No annual re-declarations. Clear expectations from day one.

Ready to make your client presentations more engaging?
EnsightTM marketing stories, available with select Allianz Life Insurance Company of North America FIAs.

Unlock the Future of Index-Linked Solutions
Join industry leaders shaping next-gen index strategies, distribution, and innovation.

Press Releases

  • LifeSecure Insurance Company Announces Retirement of Brian Vestergaard, Additions to Executive Leadership
  • RFP #T02226
  • YourMedPlan Appoints Kevin Mercier as Executive Vice President of Business Development
  • ICMG Golf Event Raises $43,000 for Charity During Annual Industry Gathering
  • RFP #T25521
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.
Insurance News | InsuranceNewsNet