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Gadsden officials present FY2026 budget; finance director projects 10% revenue growth since FY2022
Summary
Finance Director Brandon Phillips presented the proposed FY2026 budgets at a Sept. 9 public hearing in Gadsden, saying audited revenues have averaged about 10% annual growth since FY2022 and outlining personnel changes, debt-service timing and expected revenue from planned projects.
GADSDEN CITY — Finance Director Brandon Phillips told the Gadsden City Council during a public hearing Sept. 9 that audited revenues have averaged about 10% annual growth since fiscal 2022 as the city finalizes its proposed fiscal year 2026 budgets.
The FY2026 ordinance presented at the hearing lists the following budgets: general fund, $80,947,000; special revenue funds, $9,961,869; debt service funds, $11,566,517; enterprise and internal service funds, $16,558,556; Capital Projects Fund, $9,540,930; and Capital Projects Fund 2, $8,338,045. The ordinance also adopts the city employee pay scale. Copies of the budget were made available in the finance and city clerk offices.
Phillips said the 10% growth figure is based on audited numbers. "When we say revenues have tracked and grown at 10%, that is not an estimate ... These are audited numbers right here," he said. He identified several revenue drivers for FY2026, including the…
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