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Fiscal Year '24 Budget

Fiscal Year '24 Budget

The City of Frankfort operates on a fiscal year budget and planning for the FY 24 budget is underway.  Since the COVID 19 pandemic in 2020, the loss of occupational tax dollars primarily from state government has significantly impacted the City's budget.  American Rescue Program Act (ARPA) funds have been instrumental in closing the City's budget gap for the past two fiscal years, but the City is facing a budget shortfall in the FY 24 cycle. 

The City of Frankfort's budget provides a number of services for the community including but not limited to public safety, street maintenance, stormwater projects, trash and recycling collection, code enforcement, land use planning, community development programs, and parks and recreation.  The budget also includes capital projects.  In the budget planning process, the City of Frankfort wants to hear from you, its residents, about priorities and goals for the future. 

Please use this survey to give feedback on projects and services for the City. This survey kicks off a budget campaign where facts and information will be presented following this survey throughout the spring as the City goes through the budgeting process.

 

For background information (and some survey answers!), check out the City's budget website.

What is most important to you in the Frankfort community? (Select all that apply)

A safe community
73%
A clean community
58%
Strong Parks and Recreation system
56%
Outdoor activities (hiking, biking, water recreation activities)
54%
A growing local economy
51%
A growing downtown
46%
Community events
44%
Variety of restaurants
42%
Historic charm
38%
Other
6%
Closed to responses | 71 Responses

The City of Frankfort's general fund budget is divided into the following categories. What percentage of the budget do you think is allocated toward each category? (Pick the percentage you think corresponds with that budget category)

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Below are general areas of city services. Please rank in order of importance to you, from most important to least important.

Closed to responses | 35 Responses

In light of the COVID-19 pandemic, the City may need to make significant budget cuts to services. Which three services would you choose to NOT make any cuts to?

Public Safety: Fire, EMS, 911 Dispatch, Law Enforcement
80%
Sanitation/Garbage service
71%
Street maintenance and repair
71%
Parks and Recreation
35%
Planning and Zoning, and Code Enforcement
14%
Special events
8%
Closed to responses | 51 Responses

The City has several ways of collecting revenue. What percentage of budget revenues do you think comes from each revenue stream?

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What is your motivating factor in determining what a good investment project is for the City of Frankfort? Please rank in order of importance, from most important to you to least important to you.

Closed to responses | 29 Responses

The City is currently working on or considering the following significant capital projects. Please rank these projects according to your preference, from most important to you to least important to you.

Closed to responses | 32 Responses

For the list above, which projects would you be willing to incur debt for and/or employ new tax generating measures? Select all that apply.

Riverfront access and development
51%
New downtown fire station
45%
Parks Master Plan projects
39%
Exum Center Pool
31%
Broadway Bridge renovation
29%
Closed to responses | 49 Responses

If there was an opportunity for you to contribute to a foundation or other financial mechanism (sponsorships or fundraising) to help fund some of these projects, how likely would you be to contribute your own money?

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What creative ideas do you have for funding some of these projects, outside of the City budget?

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