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City staff warns flat income-tax revenue will force deeper 2026 cuts
Summary
City staff told the Springfield City Commission that income-tax revenue has flattened after post-pandemic gains, prompting more than $3 million in 2025 cuts and further reductions in the preliminary 2026 tax budget to avoid a projected $4.7 million deficit.
A city staff member told the Springfield City Commission that income-tax revenue—the backbone of the general fund—has flattened after several years of post-pandemic growth, forcing the administration to reduce the 2026 tax budget and plan additional expenditure cuts.
The presentation, delivered as the commission opened the formal tax-budget process, said income-tax growth from 2023 through 2025 added roughly $3,000,000 in total, compared with a $9,200,000 increase from 2021–22. The staff member said the city relied on about $5,000,000 in American Rescue Plan Act funds to balance the 2025 budget and that those one-time federal dollars are now exhausted.
The tax-budget document is the city’s early revenue estimate required by the Ohio Revised Code to be filed by July 15. The staff member said the tax budget both requests any needed millage for real-estate…
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