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Board of Estimates hears overview of mayor’s $4.69 billion preliminary FY26 spending plan
Summary
The Baltimore City Board of Estimates received a presentation on the mayor’s preliminary $4.69 billion fiscal 2026 spending plan, with officials detailing revenue projections, major program investments and a recommended $36.7 million allocation from the opioid restitution fund.
The Baltimore City Board of Estimates received a presentation on the mayor’s preliminary fiscal 2026 spending plan, which the administration described as a $4.69 billion combined operating and capital proposal.
Laura Larson, director of the Bureau of Budget and Management Research, told the Board that the preliminary plan includes about $3.68 billion for operating expenditures and roughly $1.0 billion for capital spending. Larson said the operating budget is projected to grow 5.82% year over year while the capital budget is growing by 37.7%.
The budget director said the general fund in the preliminary plan is about $2.6 billion and that the largest general-fund revenue streams are property tax, income tax and highway-user revenue, which together make up nearly three-quarters of general-fund receipts. Larson said the administration projects…
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