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Springfield adopts 2026 tax budget after finance staff warns of income-tax shortfall
Summary
City commissioners adopted the 2026 tax budget after a staff presentation that said income tax—the general fundbackbone—has flattened, one-time federal relief is exhausted, and projected 2026 expenditures were reduced to avoid an estimated $4.7 million deficit.
Springfield City Commission voted to adopt the city's 2026 tax budget after a staff presentation that warned the general fund faces a near-term revenue shortfall and that "income tax revenue, which is the backbone of our general fund, has flattened." The ordinance adopting the tax budget passed unanimously on a roll call vote.
Staff told commissioners the city relied on about $5,000,000 in American Rescue Plan Act dollars to balance the 2025 general fund and that those one-time federal relief dollars are now exhausted. "For 2025, we relied on more than $5,000,000 in American Rescue Plan Act funds to balance the general fund budget," the staff presentation said.
The presentation said…
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