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New Richmond adopts balanced $10.18 million 2026 budget, approves $8.21 million levy and 5-year CIP
Summary
The New Richmond City Council adopted a balanced $10,179,825 2026 operating budget, approved a $8,214,586 city levy and adopted the 2026 portion of a 2026–2030 capital improvement plan; council members said the plan preserves services while accommodating a library lease payment and several infrastructure projects.
The New Richmond City Council on a unanimous roll call vote adopted a balanced $10,179,825 operating budget for 2026, approved a corresponding city levy of $8,214,586 and adopted the 2026 portion of a five-year capital improvement plan covering 2026–2030.
City finance staff told the council the proposed budget represents a $574,932 (6 percent) increase in total revenues and expenditures compared with the prior year and results in a city portion of the tax bill that would increase by about $17 per year for a median home value of $350,000. "We are not anticipating any use of…
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