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City projects slightly smaller FY26 starting balance; pensions show improved funded ratios
Summary
City Manager Tamir and finance staff told the Tucson City Council on Feb. 4 that fiscal 2025 is tracking better than originally adopted but that the city’s beginning cash for fiscal 2026 will be smaller than projected in June once one‑time investment plan spending is counted.
City Manager Tamir and finance staff told the Tucson City Council on Feb. 4 that fiscal 2025 is tracking better than originally adopted but that the city’s beginning cash for fiscal 2026 will be smaller than projected in last summer’s forecast.
“Overall we ended the fiscal year with a $167,900,000 fund balance and available fund balance of $122,300,000,” Angel, business services director, said while walking the council through year‑to‑date projections and the 5‑year outlook. “We are projecting annual expenditures of about $840,100,000 and a projected surplus of $22.9 million on recurring revenues.”
Why it matters: Tucson adopted a balanced recurring budget for FY25 that assumed about $0.5 million of recurring surplus, and it has an explicit multi‑year “one‑time” investment plan that draws down the city’s accumulated savings.…
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