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Troy Council adopts balanced $2025–26 budget, emphasizes reserves and capital needs
Summary
Troy City Council adopted the fiscal year 2025–26 city budget after a public hearing, approving a balanced plan that maintains a low 9.7919 millage rate, preserves a 20–30% fund balance policy and signals work ahead on long-term capital needs such as the library and roads.
The Troy City Council voted unanimously on May 5 to adopt the city—s fiscal year 2025—26 budget, approving a balanced spending plan presented by Chief Financial Officer Robert Malzak and Controller Kyle Heath.
The budget maintains Troy—s millage at 9.7919 mills and was presented to council and the public as meeting state requirements and being balanced. "This budget is balanced and meets all the requirements set forth by the state of Michigan and the city council," CFO Robert Malzak said during the presentation.
Nut graf: Council members praised the finance team for conservative fiscal management but repeatedly emphasized that while operating funds are…
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