Metro Nashville Department of Finance

The budget is unanimously passed!

I appreciate the careful consideration Metro Council gave to our recommended Fiscal Year 2025 operating budget throughout this process.

Working with our Finance Department, our balanced budget lives within our means without raising taxes, while also investing in our people and our priorities, and that discipline sets us up for success in future years.

We have made a significant investment in Metro Schools. And while many cities are falling off a fiscal cliff as federal funding expires, we have built a bridge to continue many of the great programs—like universal school nurses, safety ambassadors, mental health supports, and much more—that began during the pandemic thanks to federal funding.

We also worked to maintain affordable housing as a key priority, ensuring that we invest $30m in the Barnes Housing Trust Fund for another fiscal year. We included another $1m for community safety, which continues to be both a need and a priority.

I’m grateful for the work of Budget and Finance Committee Chair Delishia Porterfield with whom our priorities were well aligned. I applaud the chair for taking in additional community feedback during public comment and furthering our investment in key areas – like the creation of a new Office of Youth Safety and expanded community center programming.

We did all of this—including offering a meaningful cost of living adjustment with merit pay increases and raising the minimum hourly wage for Metro employees to $20/hour—living within our means and without a property tax rate increase.

Many of the city’s key initiatives this year fall outside the operating budget. I appreciate the work we’ve done together on the East Bank and am excited about the conversation ahead on our proposed transportation improvement program, both of which have key components on first reading tonight.

This budget sets the stage for our future success by prioritizing the essentials that we need to tackle right now.

The Finance Department is hiring a Finance Manager – Treasury Investment Operations!

Apply here —> bit.ly/3KMHCYo

¡El proceso de desarrollo del presupuesto de Metro para el año fiscal 2025 está a punto de completarse! Unas cuantas fechas clave…
18 de junio: Tercera lectura, y la final, de la Ordenanza del Presupuesto Operativo
30 de junio: Fecha límite estatutaria para que apruebe un presupuesto balanceado

Para saber más sobre el cronograma presupuestario —> bit.ly/3KC5MVf

Metro's FY2025 budget development process is almost complete! A few key dates...
June 18: Third & final reading of the Operating Budget Ordinance
June 30: Charter deadline for to pass a balanced budget

More about the budget timeline —> bit.ly/3KC5MVf

Moody's Ratings has upgraded our special tax rating from A1 to Aa3 for the Convention Center Authority's Series 2010A Tourism Tax Revenue Bonds!

Read Moody's Ratings' credit opinion report to learn more —> http://bit.ly/4aPSlfh

Pull up!

Fadi BouSamra has consistently demonstrated exceptional dedication, skill, and professionalism in managing Metro's investments. Beyond his impressive professional accomplishments, Fadi has been a valued colleague and friend.
We wish you all the best in your future endeavors Fadi!

The Finance Department has released the FY2023 Popular Annual Financial Report (PAFR) for the Metropolitan Government of Nashville & Davidson County. The PAFR conveys summarized, easily understandable information about Metro’s financial condition.

The PAFR —> bit.ly/44lbmVd
Freddie O'Connell, Mayor of Metropolitan Nashville & Davidson County
Delishia Porterfield

's FY2025 operating budget hearings begin today! See full schedule ⬇️

It's almost time for Metro Council's FY2025 operating budget hearings!

Join in person or watch
Metro Nashville Network's livestream at http://stream.nashville.gov.

Mayor O'Connell released his FY2025 proposed budget on May 1st. See a budget breakdown + investment highlights in the infographics below.

View detailed budget info in the Office of Management & Budget’s FY2025 budget book —> http://bit.ly/3ygqzuL

(Traducción al español a continuación)

Join us for a Budget and Finance Committee Listening Session! Learn about on the Metro budget and process. Gain insights into how financial decisions affect our community. Your voice is crucial; share your thoughts and suggestions. Don't miss this opportunity to shape our financial future. Save the date for an informative session! Which one will you attend?

It's almost time for Metro Council's FY2025 operating budget hearings!

Join in person or watch
Metro Nashville Network's livestream at http://stream.nashville.gov.

During this meeting, the Finance Department’s Office of Diversity, Equity, and Inclusion will also be presenting their analysis of the Fiscal Year 2025 Budget Equity Tool and their plans to help departments meet their equity goals.

View the FY2025 Budget Equity Tool here —> bit.ly/49ZlvbQ
View our last post about the Budget Equity Tool here —> bit.ly/3JGjs13

Tune in THIS WEDNESDAY for the Special Called Budget and Finance Committee meeting!

Watch the meeting live online at stream.nashville.gov or on Metro Nashville Network's YouTube channel.

Tune in THIS WEDNESDAY for the Special Called Budget and Finance Committee meeting!

Watch the meeting live online at stream.nashville.gov or on Metro Nashville Network's YouTube channel.

📢Mark your calendars!

Metro Council's FY 2025 operating budget hearings are only 1 month away!

Sierra & Trevor from the Division of Purchases recently participated in the GoDBE Diversity Marketplace Conference to share information on how firms can work with Metro Nashville.

If your business is interested in working with Metro, visit http://purchasing.nashville.gov for more info.

The Office of the Treasurer is making some exciting technological advancements this year!

To learn more about the Office, visit: bit.ly/3THBhRR

Passed by Congress in 2022, the Inflation Reduction Act has created a unique opportunity for local governments across America that are investing in clean and renewable energy. For the first time, tax credits will be made available to local government entities in the form of direct cash payments through the IRS’s “Direct Pay” program. Tax credits range from 6% - 30% of the total project cost for qualified projects that meet specific criteria (bit.ly/3x122sZ). For fiscal year 2024, the Metro Finance team will be pursuing these tax credits for recently completed projects across Metro Government.

Budgets reflect priorities & values, so building a budget provides the opportunity to advance equity in Metro Nashville.

Since 2022, Metro Depts. have completed a Budget Equity Tool as part of the operating budget process.

This year’s tool —> bit.ly/49ZlvbQ

📣It's budget season!

Per the Metro charter, the Finance Director, with assistance from the Budget Officer, is responsible for coordinating the budget process. For an in-depth look at the budget, visit our Citizen's Guide to the Metro Budget: bit.ly/3ULcPBe

The Finance Department's Treasury division is critical to the success of Metro Government's financial infrastructure. View our first installment of "Treasury FAQs" to learn why:

The Payroll division has joined us in our new office space!
Remember...
Our P.O. box mailing address and phone numbers have not changed. To find each Finance Division’s contact information, please visit our website: http://nashville.gov/finance

We would like to welcome Andrew Walczak as the Finance Operations Division's new Assistant Chief Accountant! Andrew spent 3 years as a Finance Manager with Metro Water Services before joining our Finance Operations Division in December 2023.

The Finance Department has released the FY 2023 Annual Comprehensive Financial Report (ACFR). The ACFR includes Metro Government’s audited financial statements and other relevant information required by governmental accounting standards.

View the ACFR --> bit.ly/4b0fUDn

The snow delayed us by 1 week, but we are officially in our new space!
REMINDER: Our P.O. box mailing address and phone numbers have not changed. To find each Finance Division’s contact information, please visit our website: http://nashville.gov/finance

Congratulations are in order for several of our Division of Accounts staff members who recently completed the Certified County Finance Officer Program (CCFO) and received their certifications: James Obedmot (pictured in photo), Joyce Bentley, Travis Crafton, Roy Stone, James Gadsden, and Stephanie Gravert-Spitzer.

According to the Comptroller of the Treasury’s website (bit.ly/3U7XlqL), the CCFO Program provides “Tennessee’s county financial officers an opportunity to learn about accounting and financial reporting principles, understand how county governments are structured in Tennessee, and enhance their skills in order to carry out their responsibilities for the fiscal affairs of their county or department.”

Congratulations to all of you for this accomplishment and for serving the citizens of Nashville and Davidson County!

Our DEI division is MULTIPLE full-time civil service positions!

Apply here to support Metro Nashville's DEI efforts--> bit.ly/3fzh9kt

Our Procurement Division will be working remotely until March 11th. Though they won't be accessible in person, you can still reach them by phone or email.
For contact information, visit --> www.nashville.gov/finance/procurement