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City manager presents balanced FY2026 budget with focus on general fund, employee pay
Summary
City Manager Tamir presented a recommended FY2026 budget focused on stabilizing the general fund amid state and federal revenue uncertainty and on advancing a multi-year employee compensation plan.
City Manager Tamir presented his recommended fiscal year 2026 budget to the mayor and council on April 22, laying out a $2.4 billion total budget while flagging the general fund as the area of greatest fiscal pressure.
Tamir told the council the recommended package is balanced for FY26 but comes amid substantial uncertainty: weakening sales- and state-shared income-tax receipts, potentially reduced federal competitive grants, and the aftereffects of the recently defeated or modified state tax policy. The city’s updated projection for the end of FY25 shows a $14 million net positive, down from an earlier $20 million estimate, and an available unrestricted cash balance of about $78.8 million going into FY26.
The recommended budget emphasizes employees. The package…
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