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Rochester managers present FY26 budget below tax-cap; finance director flags revenue risks
Summary
City Manager and Finance Director presented the proposed FY26 budget—$337,280 below the tax-cap—and outlined revenue sources and risks, including rooms-and-meals receipts and use of unassigned fund balance.
Rochester City Manager presented the proposed fiscal year 2026 operating and capital budgets at the council’s May 9 budget retreat, saying the total proposed budget is $337,280 below the property tax cap. Finance Director Mark Sullivan said the proposed spending package would lower the estimated tax-rate increase compared with earlier projections.
The City Manager said the proposed FY26 budget is “$337,280 below the tax cap.” Finance Director Mark Sullivan told the council the previous tax-rate estimate that produced a 67¢ increase assumed the full tax-cap yield was used and that backing…
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