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Goshen officials outline budget shortfall tied to Senate Bill 1; estimate $800,000 loss next year
Summary
At a Sept. 12 work session, Goshen leaders reviewed departmental budgets and preliminary state analyses showing a projected roughly $800,000 net loss to the city in 2026 tied to Senate Bill 1, and warned of a much larger income-tax-related loss by 2028 if current limits remain.
GOSHEN — City officials told the Goshen Common Council at a Sept. 12 work session that preliminary state and local analyses indicate the city could face roughly an $800,000 net budget shortfall in 2026 tied to changes in state law, with a larger revenue shock possible by 2028.
Mayor (name not specified) summarized two charts produced during the bill process by the Legislative Services Agency: one showing projected net revenue and the other showing year-over-year revenue changes. "We, we have about a $10,000,000 less budget this year than we did the previous year," the mayor told the council, and later said, "it would be roughly an $800,000 loss for the city next year." Those figures reflect the city’s view that limits in the state law slow…
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