(KAIR)--With revenue adjustments made, and with no public comment heard during a public hearing held Monday, the Atchison City Commission has formally adopted the budget for the next fiscal year.

That followed a presentation, outlining the details of the budget, by Atchison City Manager Amy Finch.

The City's proposed mill levy of 48.555 is a reduction from 2023, meaning the City's revenue neutral rate is below the calculated rate of 50.599 mills.

According to Finch, the City's spending plan "maintains service levels, budgets for adequate fund balances, while also providing for needed capital improvements and equipment purchases."

Assessed valuation is estimated to be $95,040,180 for the 2024 budget, which is up 7% over the assessed valuation last year.

Total planned expenditures for the City of Atchison for 2024 come in at $22,493,449.