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2023 GOALS & OBJECTIVES: The following goals and objectives will be included in the 2023 budget book:

  • ➢ KHN Property, Sugar Camp Western Lot and Randall Residence Property
  • ➢ Water System Master Plan for Capital improvements
  • ➢ Far Hills Infrastructure Improvements
  • ➢ Sanitary Sewer System Maintenance/Capital Improvements Plan
  • ➢ Traffic Signal Master Plan for Capital improvements
  • ➢ Park Improvements
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2023 BUDGET OVERVIEW: The 2023 proposed budget reflects no increases in income tax, property tax, or any increases to refuse, water, sanitary sewer, or stormwater fees. The goal is to avoid property tax increases over the next few years, after renewing the 2.72 mill issue last year, and asking for a renewal of the 3.75 mill issue in 2023. Below, in millions, are 2023 budgeted expense figures:

➢ General City Services: $17.2
➢ Refuse Operations: $ 1.5
➢ Water Utility: $ 1.8
➢ Sanitary Sewer Utility: $ 2.4
➢ Stormwater Utility: $ 1.6
Total: $24.5 million

The 2023 budget includes no increases in income tax or property tax, and no increases in refuse or utility rates.

Mr. Klopsch commented on the line item budgets for General City Services, Refuse Operations, Water Utility, Sanitary Sewer Utility and Stormwater Utility. At the end of 2023, the City will have continued to provide comprehensive services and will, based on the proposed budget, have:

  • ➢ $872,935 less in General City Services funds.
  • ➢ $120,435 less in Refuse funds.
  • ➢ $662,150 less in Water funds.
  • ➢ $524,541 less in Sanitary Sewer funds.
  • ➢ $155,925 less in Stormwater funds.

For General City Services, the 2023 beginning balance is estimated to be $12,717,882 for Primary Operations. The Special Projects Fund currently has a balance of about $3.5 million. The proposed 2023 budget includes a transfer of an additional $1.0 million to the Special Projects Fund. The 2023 budget includes $2,375,100 for capital expenses.

For Refuse Operations, the 2023 beginning balance is estimated to be $432,632. Refuse rates were last raised in January 2019 when they were increased from $27 to $30 per month. The 2023 budget includes $55,000 for capital expenses.

For the Water Utility, the 2023 beginning balance is estimated to be $1,200,784. Water rates were last increased in January 2017 and Oakwood currently has the 2nd lowest water rates of 66 Miami Valley jurisdictions. The 2023 budget includes $479,500 for capital expenses. Given the projected 2023 spending of about $660,000 more than revenue, we will need to consider a water rate increase next year.

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