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City reports $65.2 million year-to-date surplus and presents FY26 budget proposal to committee
Summary
Deputy Budget Director Donnie Johnson and Treasurer Nikhil Patel reported a $65.2 million year-to-date surplus through January and summarized the mayor—s proposed FY26 budget; the committee received and filed the monthly financial report.
Donnie Johnson, Detroit—s deputy budget director, told the Budget, Finance and Audit Standing Committee on March 19 that the city is $34 million ahead of year-to-date revenue projections and about $31.2 million under budget on expenditures, producing a $65.2 million surplus through the first seven months of fiscal year 2025.
Johnson said the mayor—s proposed fiscal year 2026 budget and four-year plan, presented Feb. 28, totals $1.58 billion for general fund activities and $3.02 billion across all city funds for the year beginning July 1, 2025. Johnson said Detroit is projecting to remain balanced and that…
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