“This year’s budget demonstrates the value we place on creating a community where all residents can thrive,” Chair David T. Woodward (D-Royal Oak) said. “This budget invests more in public health, creates new affordable housing, more funding for public transportation, and strengthens our local economy. This is a budget that improves the lives of residents, makes our local communities better, and positions Oakland County to continue to be the economic engine that drives Michigan.”
Adoption of the FY 2025 balanced budget follows an extensive, collaborative and bipartisan effort. The three-year budget was first proposed by County Executive David Coulter to the Board of Commissioners on July 18, 2024. Following this proposal, the Finance Committee conducted an in-depth review of the plan and hosted 22 budget hearings with county department leaders.
During the budget review process, commissioners made adjustments to reflect current needs and priorities in a transparent, sustainable and truly balanced budget. This year’s budget marks the end of American Rescue Plan Act (ARPA) funds. The adopted FY 2025 budget includes:
• Allocation of $1.7 million for community health-focused programs.
• Continued funding of the Oakland80 initiative to assist residents of all ages in enrolling in college education.
• Additional investment in the Oakland Together Housing Trust Fund to support the development and preservation of affordable, attainable, workforce and mixed-income housing.
• $6 million in new local road funding.
• Expansion of the Oakland County Microloan Program to help local small businesses grow and create jobs.
“Oakland County’s strong financial position is reflected in this balanced budget,” Commissioner Gwen Markham (D-Novi), who chairs the Finance Committee, said. “Even as ARPA funds come to an end, we are able to continue supporting several of the initiatives it allowed us to establish, all of which enhance the lives of those who reside, work and recreate in our community. I would like to thank the Finance Committee, Board staff and all departmental staff from around the county who participated in budget hearings for their tremendous efforts this summer to ensure Oakland County continues to have a sound, balanced budget for the next three years.”
The total budget funds for fiscal years 2025, 2026 and 2027 are $1.084 billion, $1.106 billion and $1.126 billion, respectively.
With the 2025-2027 budget, the county prioritizes the health of its residents and works to increase educational and affordable housing opportunities, bolstering economic prosperity across Oakland County.
For additional information about the Board of Commissioners, visit OakGov.com/BOC.
––––––––––––––––––––
Subscribe to the Legal News!
http://legalnews.com/Home/Subscription
Full access to public notices, articles, columns, archives, statistics, calendar and more
Day Pass Only $4.95!
One-County $80/year
Three-County & Full Pass also available