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The City of Allentown's 2024 final budget for the Finance Department (General Fund) details allocations for two main divisions: Revenue & Audit and Finance & Budget Administration. The Revenue & Audit division has a total budget of $1,687,880, with significant allocations for permanent wages ($761,300), employee insurance ($372,246), pension contributions ($146,930), and refunds for overpaid property taxes and business licenses ($275,000). The Finance & Budget Administration division shows increases in permanent wages from $439,346 in 2023 to $525,143 in 2024, and introduces a new temporary wages allocation of $17,500 for 2024, indicating staffing adjustments and expanded administrative capacity.
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More budgets from Allentown
The 2026 Proposed Budget Narrative, presented by Mayor Matt Tuerk and Finance Director Bina Patel, outlines the municipality's General Fund revenues across multiple tax and fee categories. Key revenue sources include Earned Income Tax ($47.6 million), Current Year City Real Estate Tax ($40.7 million), Business Privilege Tax ($13.1 million), and Deed Transfer Tax ($3.1 million), along with various permits, licenses, and service fees totaling hundreds of thousands of dollars. The document provides a comprehensive breakdown of anticipated revenue sources to support the 2026 fiscal year budget.
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