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Addison council reviews proposed FY2026 budget with reserves above policy
Summary
City staff presented a proposed fiscal 2026 budget that keeps core service levels, maintains reserves above the council's policy, and includes targeted decision packages for public safety, utilities and events; council discussion focused on festival funding and steps to reduce ongoing subsidies.
The Addison City Council on Aug. 6 reviewed a proposed fiscal year 2026 budget that keeps the town's operating reserves above adopted policy while funding several one-time and recurring requests. City staff presented the plan that projects general fund revenues of about $52.5 million and proposes expenditures that leave an estimated fund balance equal to roughly 40% of operating expenses. Steve Glickman, the town's chief financial officer, said the budget maintains a fund balance above the council's 25% policy and the 30% goal. The budget presentation grouped expenditures…
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