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Mayor previews FY26 budget, warns of possible federal cuts and asks departments for 3% contingency plans
Summary
Mayor opened the final public budget hearings for FY26, outlined the city's near-term revenue picture, said the administration has asked departments to produce both a level-service budget and a 3% reduction plan, and flagged possible large federal funding cuts that would affect city and school budgets.
Mayor opened the final public budget hearings by outlining the city's overall budget frame and asking cabinet and department heads to plan for uncertainty.
"This budget process is nearing nearly $1,000,000,000," the Mayor said, and asked departments to prepare two versions of their requests: a level-service budget and a version with roughly a 3% reduction. He said the city aims to avoid using reserves and noted the administration's current reserve balance: "we have a ... reserve of $71,000,000." The Mayor also asked departments to note how proposed cuts would affect direct services to residents and…
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