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City manager presents $138.9 million all-funds budget proposal; council debates fund balance and tax relief
Summary
City Manager and budget staff presented a proposed all-funds budget of $138,931,917 and a general-fund plan that would increase from the current adopted level; councilmembers pressed for options to return some one-time gains to taxpayers and requested deeper review sessions.
Gary Coase, Petersburgs budget manager, presented the citys proposed FY202526FY2026 all-funds budget at the April 1 work session and described the recommended starting point for council review and upcoming meetings with council members and the public.
Coase said the proposed all-funds total is $138,931,917 and identified the general fund as the primary policy lever. The proposed general fund revenue figure is about $104 million, up from the current amended fiscal-year budget and the $96 million figure previously adopted for FY2025. The…
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