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Malden mayor warns FY2026 revenues won’t cover expenses; council refers budget to finance committee
Summary
Mayor Christiansen told the Malden City Council that the proposed fiscal year 2026 appropriation relies on about $8 million in one‑time revenue and reserves that would last one to two years; the council unanimously referred the appropriation order to the finance committee for review.
Mayor Christiansen submitted the fiscal year 2026 annual appropriation orders and told the Malden City Council that "our revenues will no longer support our expenses," saying the administration is using roughly $8,000,000 in one‑time revenue to balance the operating budget.
The mayor said the city’s total budget is "roughly $200,000,000" and that available reserves of about $25,000,000 would last "for 1 year, 2 years tops" if no structural changes are made. He said the administration’s short‑term approach is "no new borrowing, no new hires, and no new programs." "We need to move quickly,"…
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