Form 656-L Lowell Massachusetts 2024-2025

Form 656-L Lowell Massachusetts: What You Should Know

The strategic goal of the City is to make prudent, responsible and sound investment decisions and to have a reasonable and stable fiscal condition that will support the community's general well-being as well as the quality of life for city residents and the businesses in the city. The City establishes a strategic planning approach with the goal of achieving objectives and planning to implement those objectives using a planning model that is consistent with, and supportive of, the overall general policy environment, while still allowing individual decisions to reflect local priorities and interests. I. City-Wide Budget Planning Framework The City of Lowell follows a comprehensive budget planning framework that is designed to promote accountability, accountability among the various levels of government, and efficiency and effectiveness to meet the community's needs for services, infrastructure, and facilities. The City is committed to addressing local, regional and statewide challenges of budget management while pursuing goals and priorities that meet the needs of all residents and the various levels of government. The City of Lowell is committed to providing the highest quality and most efficient services as possible and using sound funding systems to support our goals and priorities, while complying with state and federal laws. III. Local Area Agency 1. Fiscal Year 2025 Budget Priorities The City of Lowell will implement these priorities and objectives as the City develops and adopts a 2025 budget. a. The 2025 Budget will be established to meet the following goals: · 1.  Provide annual funding support for the general services, parks, recreation and community support needs of the City and to meet the ongoing and long-term financial needs of the community. All City departments and divisions will provide service areas on the basis of the needs identified in the 2025 budget or on an equitable priority basis consistent with the needs identified for each area through the budget process · 2.  Provide annual funding support for the general services, parks, recreation, and community support needs of the City and to meet the ongoing and long-term financial needs of the community, consistent with State guidelines and the 2025 state tax increase and supplemental legislation regarding property assessment. All City departments and divisions will provide service areas on the basis of the needs identified in the 2025 budget or on an equitable priority basis consistent with the needs identified for each area through the budget process in order to provide the greatest financial benefit to the community. b.

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