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Winnebago County CFO previews FY26 budget, flags $13.8M planned deficit and ongoing PSB capital spending
Summary
Chief Financial Officer Steve Schultz told the Winnebago County Board the county expects a combined $13.8 million budget deficit in fiscal 2026 driven largely by capital spending for the public safety building (PSB), while projected actuals for the current year are better than budgeted.
Steve Schultz, the county—s chief financial officer, told the Winnebago County Board during a committee-of-the-whole budget presentation that the county is budgeting a combined $13.8 million deficit for fiscal 2026 for the general fund and the public safety sales tax fund and that the number includes about $16.6 million of capital projects.
Schultz said the current fiscal year performed better than expected: "instead of that $13,300,000 deficit, the projected actuals for the general fund plus the public safety sales tax is 7,800,000," a reduction he attributed to stronger sales and state income tax receipts, staffing attrition and conservative department spending.
The nut of the budget is capital spending. Schultz said the PSB project is…
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