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City of Novi
City of Novi

Budget and Multi-Year Financial Plan
(Current and Previous)

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.

Recommended 2017-2018 Budget CoverRecommended FY 2017-2018 Budget and Financial Plan

 Recommended FY 2017-2018 Budget and Financial Plan
      Multi-Year Financial Plan excerpt (2017-2020)
2017-2018 Recommended Capital Improvement Program
 

2017 Budget Meeting Schedule

Wednesday, 4/5/17 - 7pm - Council Chambers
Wednesday, 4/12/17 - 7pm - Council Chambers (if necessary)

 

 

Budget CoverFY 2016-2017 Budget and Multi-Year Plan

2016-2017 Budget and Financial Plan
     Multi-Year Financial Plan excerpt (2016-2019)
2016-2017 Complementary Budget Story
2016-2017 Recommended Capital Improvement Program

 

Previous Budget Documents

FY 2015-2016 Budget and Multi-Year Financial Plan

2015-2016 Budget and Financial Plan
      Multi-Year Financial Plan excerpt (2015-2018)
2015-2016 Complementary Budget Story

FY 2014-2015 Budget and Multi-Year Financial Plan

 2014-2015 Budget and Multi-Year Financial Plan (22 MB)
           Multi-Year Financial Plan excerpt (2014-2017)
 Council Amendments to Recommended Budget

FY 2013-2014 Budget and Multi-Year Financial Plan

2013-2014 Annual Budget (32 MB)
       Multi-Year Financial Plan excerpt (2013-2016)
       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)

Comprehensive Annual Financial Report (CAFR)

Click here to view the Comprehensive Annual Financial Report (CAFR) archive.

Bond Rating

 Standard & Poor's City of Novi Bond Credit Rating Report - November 23, 2015