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Board adopts FY2025-26 budget and tax rate
Summary
The Springfield Board of Mayor and Aldermen approved the city's fiscal 2025-26 budget and tax rate on second and final reading, voting 7-0.
The Board of Mayor and Aldermen adopted the city's fiscal year 2025-26 operating budget and tax rate on second and final reading, voting 7-0 to approve ordinance 25-08. The budget covers the fiscal year beginning July 1, 2025, through June 30, 2026.
City officials said the adopted budget includes pay adjustments for city employees. The measure passed after a motion by Alderman Hubbard and a second by Alderman Holloman; no board members requested further discussion before the vote.
The ordinance followed a public-hearing period in which no members of the public spoke on the item. The board recorded a unanimous vote to adopt the budget and tax rate.
City staff will publish the adopted budget and related documents as required by municipal practice. The ordinance takes effect as provided by municipal code and will fund operations across the general and utility funds for the coming fiscal year.
