Each year, City Council compiles a list of priorities that address topics such as public safety, parks, infrastructure, finance, etc. Resources are then allocated accordingly based on multiple year revenue projections. In today’s climate, recognizing additional cost savings opportunities is paramount and managing the revenue decline requires continued action. The decline is manageable in its scope with the right decisions. By City Charter, the budget must be approved by City Council in May.
2015-2016 Budget and Financial Plan
Multi-Year Financial Plan excerpt (2015-2018)
Complementary Budget Story
2014-2015 Budget and Multi-Year Financial Plan (22 MB)
Multi-Year Financial Plan excerpt (2014-2017)
Council Amendments to Recommended Budget
2013-2014 Annual Budget (32 MB)
Multi-Year Financial Plan excerpt (2013-2016) (2 MB)
Capital Improvement Program section excerpt (19 MB)
Work and Live in Michigan / Pure Michigan
Recommended FY 2013-2014 Budget Presentation - 4/15/13
2012-2013 Annual Budget (15.7 MB)
2011-2012 Annual Budget (15.6 MB)
2010-2011 Annual Budget (8.6 MB)
In an effort to share on-going City fiscal information with community members, a monthly web-newsletter, Fiscal Fitness, was created. The newsletter shares examples of what the City of Novi is doing to keep a healthy bottom line through cost-saving measures and/or service enhancements and partnerships in several areas. Click here to see the archive of the Fiscal Fitness Newsletter.
Click here to view the Comprehensive Annual Financial Report (CAFR) archive.
Standard & Poor's City of Novi Bond Credit Rating Report - July 27, 2012
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