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

Recommended Annual Budget and Financial Plan - 2020-2021
 Annual Budget and Financial Plan 2020-21

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.

FY 2020-2021 Budget and Financial Plan

FY 2020-2021 Budget and Financial Plan
Multi-Year Financial Plan excerpt (2020-2021)

Previous Budget Documents

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