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Mayor presents FY26 $985.7 million budget, cites reserves and school investments
Summary
The mayor of Springfield presented a proposed FY2026 budget of $985,700,000, saying it is balanced for the 11th consecutive year without using stabilization funds, forwarding the plan to the City Council for hearings while warning of federal funding uncertainty for FY27.
The mayor of Springfield presented a proposed fiscal year 2026 budget of $985,700,000 and said the plan will be forwarded to the City Council for hearings. The mayor said the FY26 budget is balanced for the 11th consecutive year without using city stabilization funds and that reserves stand at nearly $72,000,000.
The budget, the mayor said, reflects a 6.1% overall increase with most of that growth on the school side; he told the gathering that school funding rose by roughly $67 million (about 6.8%), and described a modest city operating increase from FY25. He credited department heads and the finance division — specifically naming Kathy Munnell, CFO; Lindsay Hackett; Chris Fraser; and Chief of Staff Billy Baker — for meeting a 3% cut target during budget planning and said the administration previously cut 15 positions without interrupting services.
The mayor emphasized that…
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