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County staff preview FY2026 budget: personnel, overtime, property taxes and a $2 million surplus projection
Summary
County finance staff on Aug. 20 presented July results and a preliminary FY2026 revenue and expenditure forecast that projects 2026 salaries at $55.1 million and a general-fund surplus of roughly $2.0 million for new funding requests.
Kalamazoo County officials on Aug. 20 presented a combined finance and budget update as the administration prepares an administrator27s recommended fiscal 2026 budget. Finance and treasury staff outlined the July financials, investment results, revenue assumptions and structural budget considerations that will shape next year27s proposal.
Chief Deputy Treasurer Tyler White told commissioners the county27s investment portfolio had a par value of $141,818,879.10 and a market value of $141,025,401.67 as of July 31, leaving a mark-to-market variance of $793,477.43. "For the month of July, our portfolio earned $534,441.15 on an average daily balance of $143,010,279.92 for an effective rate of return of 4.4%." White noted that, for the year, the portfolio earned about $4.29 million on an average daily balance and that the…
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