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Evansville mayor frames 2026 budget around SB 1 shortfall; proposes reserves, spending cuts
Summary
Mayor presented a $140.2 million 2026 general fund proposal and outlined three strategies to cover a projected $4.1 million hit from Indiana’s SB 1: limited use of casino reserves, expense reductions and efficiency measures, and pursuing future revenue. The proposal pauses some capital projects and does not include a municipal income tax increase.
Mayor (Mayor, City of Evansville) on Tuesday outlined a proposed 2026 general fund budget of $140,200,000 and warned that state legislation known as Senate Enrolled Act 1 (SB 1) will reduce city property-tax revenue. The mayor said Evansville is likely to lose about $4,100,000 from the general fund next year and detailed a three-part response: ‘‘smart use of our reserves,’’ cost-saving measures and innovations to grow revenue.
The mayor said the proposed budget is a 1.6% increase over the current year and reflects priorities collected from residents: roads, public safety, housing, parks and updated technology. ‘‘By reviewing and approving the city budget, you play a vital role in ensuring that…
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