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2023 Proposed
Fiscal Package
1
Priorities for the 2023 Fiscal Package
Expansion of
Violence
Reduction
Strategy
Infrastructure
Investments
Education
Property Tax
Relief
2
Anti-Violence Strategy
3
3 Year Anti-Violence Plan
Investments in Community
• Expansion of the Peacemakers Program
• Increase Violence Reduction Grants from $3 million annually to $15 million annually
Investments in Law Enforcement
• Expansion of non-sworn Public Safety Officer Unit
• Authorization to hire up to 1843 officers
• Deployment of modern crime fighting technology
Investments in Root Causes
• Mental Health Programming
• Re-Entry Services
• Hunger Relief
4
2022 Criminal Homicides
5
Prioritizing Officer Recruitment
$0
$10,000
$20,000
$30,000
$40,000
$50,000
$60,000
$70,000
$80,000
Officer First-Year Pay and Bonuses
Salary Bonuses
First
Year
Officers
Increase
pay to
$61,829
$10,000
sign-on
bonus
6
Clinician-Led Response Team
Staffing
• Blended teams of
behavioral health
clinicians and peers to
respond to mental health
crisis
Hours
• Providing 24-hour
coverage
7
Comprehensive Mental Health Crisis
Response System
• Embedding mental health clinicians within dispatch
with the goal of facilitating tiered responses to crises
Tiered Dispatch
• Expansion of community compass to include mental
and behavioral health resources
Ensuring Resources Are Easy To Navigate
8
Infrastructure Investment
9
$1.158 Billion 5-Year Capital Plan
Transportation
$849 million
Street
Construction
$387 Million
Bridges
$126 Million
Trails,
Greenways
and Paths
$98 Million
Sidewalks
$29 Million
Stormwater
$309 million
Drainage
$190 Million
Levees &
Dams
$95 Million
Culverts
$27 Million
10
New Investments
Add’l $25 million in
residential streets
and $15 million in
thoroughfares
CDL Training
Program
New Traffic
Engineer to review
fatal crashes
New dedicated
Trails & Greenways
Unit in Operations
New Non-
Reverting Capital
Construction Fund
Telematics for
DPW equipment
11
Education
12
Pandemic caused
students to fall behind in
reading, less likely to
enroll in post-secondary
degrees, and employers
less likely to find prepared
workers for job openings.
13
2023 Education Initiatives
Indy Achieves
Completion Grants
Marion County residents with some existing
credits receive a completion grant to cover
unpaid bursar bills preventing students from
continuing their postsecondary education.
$500,000 expansion of the program
Allow for 200 more completion grants to be
awarded every school year
Circle City Readers
Program
Literacy initiative that partners with
community organizations to provide science-
based reading tutoring to K-3 Marion County
students.
$1 million investment
Provide services to 1,000 students
14
Property Tax Relief
15
Why now?
• At 9.1%, inflation is the highest in 4 decades
• An increase of 1.3% from a month earlier is the largest one-month increase
since 2005.
Record Inflation
• If passed, this would be the sixth year of a balanced, bi-partisan budget
• No new local taxes on Indy residents
Sound Fiscal Footing
• Groceries cost families an average of $46.50 a month more
• Provided over $150 million in rental assistance to tenants in Indianapolis
Families need relief
16
Assessed Value is Increasing
$127,956 $130,003
$135,516 $137,922 $140,112 $143,528
$149,242
$156,469
$166,831
$176,395
$189,669
$224,673
$0
$100,000
$200,000
$300,000
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Gross
Assessed
Value
Calendar Year (Taxes Payable)
Average Marion County Homestead Assessed Value
The average homestead AV
increased by 18% for taxes payable in
2023 over 2022
A “Homestead” is a single-
family, owner-occupied
residential property
17
Assessed Value is Increasing
33.8%
25.7%
17.9% 17.9%
16.3%
14.5%
13.1% 13.5%
0%
10%
20%
30%
40%
<$50K $50-100K $100-150K $150-200K $200-250K $250-300K $300-400K >$400K
Percentage
Change
in
Homestead
Gross
AV
Pay 2022 Homestead Assessed Value
Year over Year Change in Median Homestead Gross AV (Pay 2022 to Pay 2023
Assessed values increased more
rapidly (percentage-wise) on
lower-value homesteads
18
Property Tax Relief
$27,000,000
$250,00 to
$400,000
$0 to $250,000
Assessed
Value
~ 42,261
~ 149,431
Number of
Homesteads
$100
$150
Tax Credit
19
5 Elements of the Proposed Fiscal
Package
General
Obligation
Bond
Capital
Projects
Property Tax
Relief
Circle City
Forward
$40 million
Roadway
Fiscal
Coronavirus
State and
Local Fiscal
Recovery
Funds
2023
Proposed
Operating
Budget
20
2023 Budget Strategy
Multi-Year Strategy: 2017-2022
• Consistently balanced budgets
(revenues > or = expenses)
• Preserved fund balances and
grew balances where possible
• Protected and improved the
city’s credit rating
• Maintained or increased
investments in public safety,
infrastructure, neighborhoods
and economic development
2023 Proposed Budget Strategy
• Strategic investments in public
safety and infrastructure
• Conservative revenue
estimates while anticipating
steady economic growth
• Continued commitment to no
tax increases
21
Questions?
22

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Indy Mayor Joe Hogsett's 2023 Budget

  • 2. Priorities for the 2023 Fiscal Package Expansion of Violence Reduction Strategy Infrastructure Investments Education Property Tax Relief 2
  • 4. 3 Year Anti-Violence Plan Investments in Community • Expansion of the Peacemakers Program • Increase Violence Reduction Grants from $3 million annually to $15 million annually Investments in Law Enforcement • Expansion of non-sworn Public Safety Officer Unit • Authorization to hire up to 1843 officers • Deployment of modern crime fighting technology Investments in Root Causes • Mental Health Programming • Re-Entry Services • Hunger Relief 4
  • 6. Prioritizing Officer Recruitment $0 $10,000 $20,000 $30,000 $40,000 $50,000 $60,000 $70,000 $80,000 Officer First-Year Pay and Bonuses Salary Bonuses First Year Officers Increase pay to $61,829 $10,000 sign-on bonus 6
  • 7. Clinician-Led Response Team Staffing • Blended teams of behavioral health clinicians and peers to respond to mental health crisis Hours • Providing 24-hour coverage 7
  • 8. Comprehensive Mental Health Crisis Response System • Embedding mental health clinicians within dispatch with the goal of facilitating tiered responses to crises Tiered Dispatch • Expansion of community compass to include mental and behavioral health resources Ensuring Resources Are Easy To Navigate 8
  • 10. $1.158 Billion 5-Year Capital Plan Transportation $849 million Street Construction $387 Million Bridges $126 Million Trails, Greenways and Paths $98 Million Sidewalks $29 Million Stormwater $309 million Drainage $190 Million Levees & Dams $95 Million Culverts $27 Million 10
  • 11. New Investments Add’l $25 million in residential streets and $15 million in thoroughfares CDL Training Program New Traffic Engineer to review fatal crashes New dedicated Trails & Greenways Unit in Operations New Non- Reverting Capital Construction Fund Telematics for DPW equipment 11
  • 13. Pandemic caused students to fall behind in reading, less likely to enroll in post-secondary degrees, and employers less likely to find prepared workers for job openings. 13
  • 14. 2023 Education Initiatives Indy Achieves Completion Grants Marion County residents with some existing credits receive a completion grant to cover unpaid bursar bills preventing students from continuing their postsecondary education. $500,000 expansion of the program Allow for 200 more completion grants to be awarded every school year Circle City Readers Program Literacy initiative that partners with community organizations to provide science- based reading tutoring to K-3 Marion County students. $1 million investment Provide services to 1,000 students 14
  • 16. Why now? • At 9.1%, inflation is the highest in 4 decades • An increase of 1.3% from a month earlier is the largest one-month increase since 2005. Record Inflation • If passed, this would be the sixth year of a balanced, bi-partisan budget • No new local taxes on Indy residents Sound Fiscal Footing • Groceries cost families an average of $46.50 a month more • Provided over $150 million in rental assistance to tenants in Indianapolis Families need relief 16
  • 17. Assessed Value is Increasing $127,956 $130,003 $135,516 $137,922 $140,112 $143,528 $149,242 $156,469 $166,831 $176,395 $189,669 $224,673 $0 $100,000 $200,000 $300,000 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 Gross Assessed Value Calendar Year (Taxes Payable) Average Marion County Homestead Assessed Value The average homestead AV increased by 18% for taxes payable in 2023 over 2022 A “Homestead” is a single- family, owner-occupied residential property 17
  • 18. Assessed Value is Increasing 33.8% 25.7% 17.9% 17.9% 16.3% 14.5% 13.1% 13.5% 0% 10% 20% 30% 40% <$50K $50-100K $100-150K $150-200K $200-250K $250-300K $300-400K >$400K Percentage Change in Homestead Gross AV Pay 2022 Homestead Assessed Value Year over Year Change in Median Homestead Gross AV (Pay 2022 to Pay 2023 Assessed values increased more rapidly (percentage-wise) on lower-value homesteads 18
  • 19. Property Tax Relief $27,000,000 $250,00 to $400,000 $0 to $250,000 Assessed Value ~ 42,261 ~ 149,431 Number of Homesteads $100 $150 Tax Credit 19
  • 20. 5 Elements of the Proposed Fiscal Package General Obligation Bond Capital Projects Property Tax Relief Circle City Forward $40 million Roadway Fiscal Coronavirus State and Local Fiscal Recovery Funds 2023 Proposed Operating Budget 20
  • 21. 2023 Budget Strategy Multi-Year Strategy: 2017-2022 • Consistently balanced budgets (revenues > or = expenses) • Preserved fund balances and grew balances where possible • Protected and improved the city’s credit rating • Maintained or increased investments in public safety, infrastructure, neighborhoods and economic development 2023 Proposed Budget Strategy • Strategic investments in public safety and infrastructure • Conservative revenue estimates while anticipating steady economic growth • Continued commitment to no tax increases 21