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City Staff Identifies Calculation Errors, Recommends Technical Amendments That Improve FY26 Position by $1.4 Million
Summary
Budget staff told the Finance Committee that a review of the mayor's proposed FY26 budget revealed calculation and appraisal adjustments that change the city's FY26 position.
Budget staff told the Finance Committee that a review of the mayor's proposed FY26 budget revealed a series of calculation errors and appraisal adjustments that change the city's projected FY26 position.
Staff said revenue was adjusted downward by approximately $1.4 million, driven largely by changes to motor-vehicle appraisals and an upward correction to elderly tax deductions in the real-estate tax base. To offset the reduction without changing the…
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