Notice is hereby given pursuant to Article 7, Section 23(C) of the Constitution and R.S. 47:1705(B) that the City of Monroe, Louisiana, will hold a public hearing at its regular meeting place in Monroe City Hall located at 400 Lea Joyner Mem. Expy., Monroe, LA, on Tuesday, August 26, 2025, beginning at 6:00 p.m., to consider levying additional or increased millage rates without further voter approval or adopting the adjusted millage rates after reassessment and rolling forward to rates not to exceed the prior year’s maximum. The estimated amount of tax revenues to be collected in the next year from the increased millage is $11,027,984.00 and the amount of increase in taxes attributable to the millage increase is $314,945.00.
| BUDGET SUMMARY | |
| AMENDED FY 2026 BUDGET | |
| REVENUE:
TOTAL REVENUE BEFORE OTHER FINANCING SOURCES |
$ 70,845,385 |
| EXPENDITURES:
TOTAL EXPENDITURES |
$ 68,957,657 |
| EXCESS OF REVENUE OVER EXPENDITURES
BEFORE OTHER FINANCING SOURCES (USES) |
$ 1,887,728 |
| TOTAL OTHER FINANCING SOURCES (USES) | $ (2,828,228) |
| EXCESS OF REVENUE AND OTHER FINACNING SOURCES
OVER EXPENDITURES AND OTHER FINANCING USES |
$ (940,500) |
| FUND BALANCE – BEGINNING OF YEAR | $ 19,708,475 |
| FUND BALANCE – END OF YEAR | $ 18,767,975 |