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City presents $316 million FY2025-26 budget; general fund driven by property and sales taxes
Summary
Interim CFO Fidelis Malenbecker told the Jackson City Council that the proposed FY2025-26 budget projects $316 million in total revenues with a $147.5 million general fund largely supported by property and sales taxes; the administration does not plan to ask for a tax increase.
At a city budget hearing, Interim Chief Financial Officer Fidelis Malenbecker presented the administration’s proposed fiscal year 2025–26 budget, detailing $316 million in total projected revenues and a $147.5 million general fund. "General property tax makes up the significant portion of our revenues, which is, roughly 47%," Malenbecker said.
The budget package shows $60.3 million in special revenues, $21.9 million for debt service, $33.4 million for capital projects and about $53 million in enterprise revenue. Proposed department-level spending across all funds totals roughly $298 million, with public works, planning and development, police and general government among the largest shares.
The overvi…
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