Lexington Council reviews FY26 budget including new accounting position and children’s museum funding

The Lexington Budget Committee of the Whole meeting on May 27, 2025, spotlighted a significant proposal to enhance the city's accounting department by adding a Deputy Director of Accounting position. This role, with an estimated cost of $145,424, is deemed crucial for maintaining the accuracy and efficiency of financial operations, especially as the current director approaches retirement.

Council member Lynch emphasized the importance of this position, stating it would ensure timely preparation of financial reports and oversee critical accounting functions, including audits and payroll. The urgency of filling this role stems from the need for cross-training before the retirement of the long-serving current director, who has been described as a "unicorn" due to her unique expertise.

Despite the mayor's initial budget proposal not including this position, the committee expressed strong support for its inclusion, recognizing the potential challenges posed by the retirement timeline. Council member Baxter raised concerns about the typicality of hiring in advance of a retirement, but the consensus was that this proactive approach is necessary given the complexities of modern accounting standards.

In addition to the accounting department discussions, the committee accepted the mayor's proposed budgets across various divisions, including finance, economic development, and planning. Notably, the Lexington Children's Museum is set to receive $400,000 for the design and planning of a new downtown facility, part of a larger $2 million commitment from the city.

The meeting concluded with a commitment to further discussions on funding strategies, particularly regarding the new Deputy Director position, as the city navigates its fiscal landscape for the upcoming year. The anticipated outcomes include improved financial management and a smoother transition as the current director retires, ensuring the city's financial integrity remains intact.