Wilsonville City Council adopts 2024-25 budget

The Wilsonville City Council unanimously adopted next year’s fiscal budget at its June 3 meeting.

At $257.8 million, the 2024-25 budget is a 13.2% decrease from last year’s budget. Last year’s 2023-24 budget of $297.2 million was also a decrease from the prior year’s budget; at the time it was the first budget decrease in nearly a decade.

The primary reason for this year’s decrease is a reduction in the capital improvement budget due to the completion or near completion of large projects, such as the city’s new Public Works Complex and the water treatment plant expansion. The city will not be starting any new key projects in the next fiscal year.

The top five of the 113 capital improvement projects budgeted for the 2024-25 fiscal year account for 58% of the capital improvement budget. The project with the highest cost is the West Side Level B Reservoir at $15.2 million, and the Boeckman ‘dip’ bridge is second highest at $10.8 million. The I-5 Pedestrian Bridge project has $6.1 million budgeted, while improvements to Boeckman Road and a facility yard expansion for South Metro Area Regional Transit will have $3.2 million and $2.7 million respectively.

Inflation is also a challenge for the city. City Manager Bryan Cosgrove said at a budget meeting that personnel, utilities, contracted services and materials and services, which have all increased in price over the last 18 months, are significant cost drivers for the city.

In addition to approving the 2024-25 budget, at the June 3 meeting council also approved a $267,400 supplemental budget adjustment for the 2023-24 fiscal year. The highest cost in the supplemental budget is a $100,000 transfer of funds from Kiva/Art Tech to police facilities modification, followed by an $80,000 fund transfer from the Town Center Concept Plan implementation to Frog Pond/Advance Road master planning. The third highest cost is $54,680 to the Stormwater Master Plan update.

The 2024-25 fiscal year will begin on July 1.