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Mayor, finance director present balanced 2026 budget; proposes 3.96% real-estate tax increase and $40M borrowing for capital
Summary
City leaders presented the proposed 2026 budget to the Budget & Finance Committee on Sept. 30, describing a $246 million citywide budget and a $150.6 million general fund budget designed to remain structurally balanced while funding public safety, equipment and capital needs.
City leaders presented the proposed 2026 budget to the Budget & Finance Committee on Sept. 30, describing a $246 million citywide budget and a $150.6 million general fund budget designed to remain structurally balanced while funding public safety, equipment and capital needs.
Bina Patel, city controller, told the committee the finance department’s proposed budget for 2026 totals $17.7 million for the department and includes 36 full-time positions; $12.8 million of that sum represents interfund transfers supporting capital, equipment, debt service and special revenue funds while $4.8 million reflects operational spending.
The mayor framed the 2026 proposal as a values-based, balanced budget that continues funding for police, firefighters and paramedics and supports public works,…
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