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Provo finance staff outline FY2026 calendar, warn sales-tax pressures; debt and transfers reshaped to aid transparency
Summary
City budget officers presented the FY2026 calendar, revenue projections and a plan to simplify the debt service fund. Staff said sales-tax projections are slightly lower than last year and the proposed reclassification of some debt-related transfers will increase general-fund revenue by about $280,000.
Provo finance and budget staff presented a preliminary fiscal 2026 budget calendar and revenue outlook at the council’s February work session, warning that lower sales-tax expectations will constrain discretionary spending and outlining a restructuring of some debt-service transfers to improve transparency.
Budget officer Kelsey Zarrbuck walked council members through the FY2026 schedule, flagging March 11 as the start of department budget presentations and May 6 as the tentative budget delivery and council receipt date required under state code; staff noted June 17 as the second and final public hearing and anticipated adoption date. Zarrbuck said the five-year capital-improvement plan will be sent to council by Feb. 27 to meet a March 1 city-code deadline.
John…
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