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Las Vegas releases $2.3 billion tentative FY2026 budget; council approves amid settlement and PERS pressures
Summary
City leaders presented a tentative fiscal 2026 budget totaling about $2.3 billion and the council approved the plan. Officials said the budget addresses a large settlement, higher retirement (PERS) costs and softer consolidated-tax receipts while maintaining public safety funding as the top priority.
The City Council on Wednesday approved a tentative fiscal year 2026 budget that the city manager described as conservative and built to absorb a large settlement payment and higher retirement costs while keeping public safety the top expenditure priority.
City Manager Mike Janssen opened the budget presentation, telling the council the plan responds to three primary fiscal pressures: the Badlands settlement, higher Public Employees' Retirement System contributions, and a softened consolidated tax (CTAX) forecast tied to visitation and economic factors. "Public safety remains the number 1 priority in this budget," Janssen said, noting police and fire…
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