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City manager presents tax-cap–compliant FY2026 expenditure plan; flags health-insurance uncertainty
Summary
City Manager Kirk Biotti presented a high-level FY2026 budget that the administration says complies with the city’s tax-cap rules, outlined proposed staffing and capital priorities, and warned of unexpected health‑insurance cost volatility caused by a risk‑pool provider issue.
City Manager Kirk Biotti presented the administration’s preliminary FY2026 expenditure plan to the Laconia City Council on April 28, saying the proposal is compliant with the city’s tax-cap rules and lays out priorities for staffing, capital improvements and operating needs.
“What you have in front of you is a tax-cap compliant budget,” City Manager Kirk Biotti said during his presentation. He described the packet as a “30,000‑foot view” that the council and department heads will refine over the next two and a half months before a final vote expected in July (state fiscal timetable).
Biotti told councilors the allowable increase in tax revenue for FY2026 combines the consumer price index and net new construction. He reported a total allowable increase raised by taxes of $2,400,000 and an overall spending range of $661,540,000 (a 4.09% increase); the net amount to be raised by city taxes is described in the…
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