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Draft 2026 budget ties spending to strategic plan; staff flags stop-loss for health claims and legislation risk
Summary
City staff linked the proposed 2026 budget to the May strategic plan and highlighted revenue trends, a move to a stop-loss arrangement for health insurance volatility, an increase to economic-development reserves, parking modernization funds, and legislative risks (House Bill 503 and pension contribution proposals).
Delaware City finance staff presented the 2026 budget introduction Nov. 3 and emphasized aligning the draft spending plan with the city's strategic goals adopted in May. Staff described five strategic action areas'strengthening fiscal sustainability, growing the local economy, regional collaboration, fostering connectivity and vibrancy, and implementing the strategic plan'and said the 2026 budget will focus spending and reserves toward those objectives.
Revenue and expenditure highlights: staff said citywide income-tax collections continue to trend upward and that property-tax revenue shows modest growth. License and permit receipts are forecast to be flat or down and engineering-fee revenue is trending lower. Staff noted an accounting recognition…
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