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Franklin staff present FY2026 budget forecast: $229.1 million projected, ARPA nonrecurrence cited for decline
Summary
City staff outlined the Fiscal Year 2026 budget development schedule and preliminary revenue forecast totaling $229.1 million, a decline largely tied to one-time American Rescue Plan Act spending in FY2025; staff also presented sales tax, property tax and fund-level projections and a departmental review schedule through May.
City of Franklin staff on Thursday opened the Fiscal Year 2026 budget process and presented a preliminary revenue forecast totaling $229,100,000, a decrease of about 2.5% from the FY2025 budget, city management said.
"The total for 2026 is $229,100,000, which is a decrease of 2 and a half percent from what we budgeted in fiscal year 2025," Dylan Gaster, the city's management fellow, told the Budget & Finance Committee. Gaster said the decline is “largely due to the American Rescue Plan Act or ARPA, which those funds were received and expensed in the budget for fiscal year 25.”
Staff provided fund-level forecasts and noted the general fund remains the largest single fund at about 49.1% of the total. Key preliminary forecasts include: - Local sales tax: $66.7 million budgeted for FY2026 (a 2.74% increase compared with staff’s FY2025 estimate after four months of actuals). Staff said that projection is…
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