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Mayor Martin presents FY26 budget: tax rate unchanged, water rate rises 50¢ to fund capital reserve and police raises
Summary
Mayor William T. Martin presented the city's proposed FY2026 budget, keeping the city property tax rate at 56.5 cents per $100 while raising the water rate from $7.50 to $8.00 per 1,000 gallons to seed a capital reserve in Fund 9; the proposal also funds a 5% raise for uniformed officers and schedules council work sessions.
Mayor William T. Martin presented his proposed fiscal year 2026 operating and capital budget to the Havre de Grace City Council on April 7, outlining revenue assumptions, targeted investments and a timeline for council review.
“I am proposing the current tax rate remain the same at 0.565 per $100 of assessed value, 56 and a half cents,” Mayor Martin said while formally handing the budget to council. The mayor said the city will not raise the property tax rate but will derive additional revenue from higher property assessments following the state's triannual reassessment.
Key elements of the mayor's proposal include:
- General fund: The mayor said the general fund is projected to begin FY26 with a $1,550,000 balance and estimated revenues of about…
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