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Lawrence officials present balanced FY26 budget; $5 million in ARPA-linked reserves tapped for school, police debt service
Summary
Acting chief administrative and financial officer Ramona Sabados presented a balanced FY26 municipal budget totaling $469,611,865 and said the package relies in part on a $5 million draw from a debt-service stabilization reserve built from ARPA/free-cash transfers to cover additional debt service tied to two new schools and a police station.
Ramona Sabados, the city’s acting chief administrative and financial officer, told the Budget & Finance Committee on May 19 that the proposed fiscal year 2026 operating budget is balanced with total operating revenues and expenditures of $469,611,865.
Sabados said the FY26 proposal includes the statutory Proposition 2½ allowable property tax increase and projects $1,200,000 in new growth. She explained the administration used a mix of traditional revenues and reserve transfers to balance the package.
Why it matters: Councilors pressed for clarity on a $5 million item…
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