FINANCE DEPARTMENT Planning for the Future Feasibility and space programming studies have been completed and revealed that the current City Hall space is underutilized and would be difficult to re-purpose according to modern standards. As a result, the City is planning for the construction of a more secure, properly-sized, modern City Hall facility for the administrative operations. Various necessary improvements which have been put off for numerous years such as plumbing, heating, electrical would be eliminated with the construction of a new City Hall. Financial Snapshot The City of Sidney income tax collections for 2022 were nearly 15.2% increase over 2021 and 2021 was nearly 20% over 2020. These increased revenues after the pandemic were offset by high inflation. Although income tax collections are the largest revenue source, the city continues to find other ways to augment city costs through grant programs and other sources of revenue. In 2023, the City budget reflects grant funding of $7.7 million. A detailed Annual Financial Report as well as updated monthly reports can be found on the city's website
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