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Town of Speedway previews 2026 budget, flags personnel and liability-driven shortfall
Summary
Town staff presented a roughly $35 million 2026 budget outline that shows a projected deficit driven largely by rising personnel, insurance and liability costs and the effects of state legislation; council members discussed potential cuts, timing and use of reserves.
Town of Speedway officials on Aug. 19 presented an initial 2026 budget overview that projects roughly $35,000,000 in total spending and a shortfall in the general fund largely tied to rising personnel costs, health insurance and property-casualty liability.
Grant, the town manager, told the council the town "literally start[s] this in March and April" and described the budget process as "a political statement...a priority statement" outlining the town’s policy choices. He said department heads and staff prepared drafts and that the council had reviewed and trimmed requests in July.
Why it matters: the draft shows an increase in overall spending from about $32,000,000 the prior year to roughly $35,000,000, driven…
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