Detroit’s budget has returned to pre-pandemic levels, Mayor Mike Duggan said, presenting to the city council today his proposed budget for fiscal year 2023 and a four-year plan for Feb. 23-26. City officials say revenue recovery has put Detroit back on track, allowing the city to rebuild its pre-pandemic budget and make important investments in key areas.

In April 2020, the mayor outlined a nearly $ 350 million budget cut due to the pandemic to maintain a balanced budget without laying off city staff. In just two years, the city’s revenue has grown beyond its original forecasts.

“I am very proud of the work of our Chief Financial Officer and our department heads to have the discipline to continue to provide vital services within our affordable budget over the last challenging two years,” Mayor Mike Duggan said. “Their efforts have relieved the city of public financial oversight, making sure residents can still count on city authorities during this pandemic. Now we are able to invest in our employees, retirees and neighbors again. ”

The proposed budget is more than $ 2 billion, including more than $ 1 billion for the General Fund, and provides new targeted investments to provide opportunities, security and beauty for Detroiter, ensure fiscal stability and deliver on the promise to our retirees. Budget points include:

  • $ 90 million for the Retirement Protection Fund (a re-increase of $ 5 million, a one-time increase of $ 30 million), bringing the total balance to $ 460 million for annual retirement contributions due in fiscal 2024.
  • Deposit $ 30.7 million to the Rainy Days Fund for a total balance of $ 138 million plus $ 20 million in additional deposits scheduled after fiscal 2023 to maintain reserve rates
  • $ 72.3 million in support of the common fund for DDOT and People Mover transit services, an increase of $ 5.8 million in addition to $ 26.5 million for recovery to improve parathyroid service and vehicle operation
  • $ 17.5 million for damage elimination and improvement programs
  • $ 10.7 million for landscaping parks and recreation areas
  • $ 10.4 million per year for public safety, parks and general vehicle replacement
  • $ 2.7 million extra for the Charles H. Wright Museum of African American History
  • $ 1.5 million extra for the Detroit Historical Museum
  • $ 2.3 million to improve Coleman A. Young International Airport plus $ 1 million increase in operations to implement airport deployment plan

“The city’s recurring revenues are projected to reach pre-pandemic levels due to higher income tax collection and the introduction of online gaming and sports betting last year,” said CFO Jay Rising. “However, for the 4-year financial plan, there are still risks of remote work, the long-term consequences of the pandemic and old retirement obligations. This budget, responsible for the budget, manages these risks by making contributions to reserves and limiting costs, ”Raising said.

From Monday, March 14, the city council will hold hearings on the budget of departments that are open to the public.

The proposed budget is for the 2022-2023 financial year, which will begin on July 1, 2022 and end on June 30, 2023. It has been reported in numerous rounds of public participation, including the annual public budget meeting in October, public budget priority forums held with each city council district in January and February, and comments sent to yourbudget@detroitmi.gov.

For more budget information, please visit detroitmi.gov/budget.

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