Indigo board adopts $432.2 million FY2026 budget, approves special tax levy resolution

The Indigo Board of Directors voted to adopt operating, capital and debt service budgets for fiscal year 2026 and approved a resolution that would allow a special tax levy if other revenues fall short.

The board adopted appropriations totaling $432,246,559 for FY2026—$153.9 million for operations, $257.6 million for capital and $20.8 million for debt service—and approved Resolution No. 2025-O7 to permit a special levy if necessary. Directors held a required roll-call vote after a public hearing process and staff presentations.

Director of Budget Justin Burcke presented the FY2026 proposal and the timetable for review. Burcke said the budgets and the special-levy resolution were introduced to the board on July 17, and a public hearing was held July 31 at the IPTC offices. He told the board that the budget will be heard by the City-County Council’s Municipal Corporations Committee on Sept. 17 and forwarded to the full council for final consideration on Oct. 6. Burcke stated the proposed appropriations as follows: $153,900,000 operating; $257,600,000 capital; $20,800,000 debt service; total $432,246,559.

Board members had no extended line-by-line questions on the figures during the session. A board member moved and a second was given; the board then conducted the roll-call vote required for a resolution implementing a levy. Directors who answered during roll call recorded their vote in the affirmative and the motion carried.

The adopted budgets will be transmitted to the City-County Council for final approval on the dates staff provided. If adopted locally, the appropriations will be effective for fiscal year 2026 as detailed in the board packet.

The board took no other amendments to the FY2026 appropriation figures during the meeting. Staff said the proposed special levy is retained as an available authority only if required; no additional levy was assessed at the meeting.