Rapid City Mayor Sam Kookier presented his budget at Monday night's city council meeting.
Last year, the city spent $137 million. This year, that number jumped to $152 million, a 10 percent increase.
Kooiker said the proposed budget is balanced without spending into the reserves and does not include the allowable property tax increase of 2.1% (approximately $294,000) for 2014.
The primary reason for the growth, according to Kooiker, is mainly due to capital expenditures and investment in our City's aging infrastructure. When the Capital Outlay is removed, the total 2014 budget increases by 4.5% rather than 10.74%.
Budget hearings are scheduled for July 30th and 31st, and August 6th, 12th, 14th, and 27th.
A final budget is expected to be approved on September 3rd.