Indigo Board Approves $432M Fiscal Year 2026 Budget with Special Tax Levy

The Indianapolis City Council made significant strides in budget planning during its recent meeting, focusing on the approval of the fiscal year 2026 budget. Director of Budget Justin Burcke presented a comprehensive financial plan that includes a total appropriation of $432.2 million, covering operating, capital, and debt service budgets.

The proposed budget allocates $153.9 million for operating expenses, $257.6 million for capital projects, and $20.8 million for debt service. Burcke emphasized the necessity of a special tax levy, which may be assessed if other revenue sources fall short in funding transit services. This budget was initially introduced on July 17, followed by a public hearing on July 31, allowing community input before the final approval process.

Following Burcke's presentation, the board conducted a roll call vote, resulting in unanimous support for the budget resolution. The next steps include a public hearing by the City County Council's Municipal Corporations Committee on September 17, with final approval expected on October 6.

In addition to the budget discussions, the council also considered updates to the fare policy and an equity analysis, aimed at enhancing fairness in transit services. Chief Development Officer Brooke Thomas led this segment, highlighting the importance of these updates in promoting equitable access to public transportation.

The meeting underscored the council's commitment to transparent budgeting and equitable transit policies, setting the stage for a robust fiscal year ahead.