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Council refers FY2026 budget to finance committee; loan authorizations sent to second reading
Summary
The Cambridge City Council voted unanimously to send the city manager's FY2026 budget to the finance committee for review and to move a set of proposed loan authorization orders to second reading, setting up detailed hearings next month.
The Cambridge City Council on April 28 referred the city manager's proposed fiscal year 2026 operating and capital budget to the council's finance committee and passed a group of loan authorization orders to a second reading, the council said in a unanimous roll-call vote.
Councilor S. Nolan, chairing the discussion, told colleagues the items would be the focus of the finance committee's hearings and urged councilors to submit department questions in advance. "We will be passing the idea is to pass all of the loan orders to a second reading tonight and refer them to the finance committee," Nolan said during the meeting.
Why it matters: The FY2026 package includes the city's operating budget and a five-year capital plan. Taken together with proposed borrowing, the budget and loan orders will…
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