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Tucson staff outline FY26 budget start and FY25 status; council approves ward allocations
Summary
City staff told the council the FY25 financial picture is largely on track and previewed the FY26 budget development calendar. The council approved reallocated ward framework funds for mayor and council offices; staff highlighted state shared revenue uncertainty and health benefit cost pressures.
City finance staff and the city manager used a study-session update to tell Mayor Regina Romero and the council that Tucson’s fiscal year 2025 budget is tracking “generally according to plan” at the halfway point, and to kick off the FY26 budget process with a draft calendar and financial assumptions.
Business Services Director Angel Ozomolam reported that as of Dec. 31 the city had collected roughly 50% of budgeted revenues for the unrestricted general fund and spent about 45% of the unrestricted general fund budget. Sales-tax receipts were reported up 7.38% year over year through December. The city’s investment plan — funded from assigned fund balance — showed partial spending in multiple departments, with unspent amounts planned through an optional sixth year if needed.
Assistant City Manager and CFO Anna Rosenberry said the FY26 process is at an early stage; departments were…
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