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Evansville approves $20,000 contract cap for Reedy Financial to study impact of Senate Bill 1
Summary
The City of Evansville approved a contract and addendum with Reedy Financial to analyze how Senate Bill 1 will affect city service costs and the 2026 budget, with work expected late July or early August and an estimated three‑year fiscal impact cited in discussion.
The City of Evansville board on July 3 approved a contract and addendum with Reedy Financial, authorizing the consultant to present an analysis of how Senate Bill 1 will affect the city’s cost of services, with the contract amount not to exceed $20,000.
City Controller Robert Gunter said the study will “explain to how it impacts the city, what our options are, and, and maybe chart a path on how to address, the effects of that bill.” He told the board staff hopes Reedy Financial can present late this month or in early August so findings can inform the drafting of the 2026 budget.
The nut of the discussion was timing and scale: board members pressed for a schedule because the administration is preparing the 2026 budget. Gunter cited an estimate from those who drafted the bill that it could affect the city “to the tune of 15,800,000.0 over 3 years.” He and other board members discussed options mentioned publicly by state officials, including using reserves or increasing the local income tax; Gunter said departments already have been told “how bad it's gonna be next year.”
No named roll-call votes were recorded in the transcript; the board approved the contract by voice vote. The approval directs the finance office to proceed with the Reedy Financial engagement and to share results with department heads for budget planning.
The board also approved routine minutes and other consent items during the meeting.
Looking ahead, Gunter said staff will distribute study results to departments and use them to refine budgets; the contract timeline and final report dates were not specified beyond the target presentation window.
Provenance: First related remarks begin when the president opened new business and introduced the finance request; the item discussion closes when the board approved the contract and moved on to the next item.
