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OFM lays out 2026 budget reduction plan, fund-balance policy and $20 million shelter grant
Summary
Office of Finance & Management director outlined a 6% reduction in the department—s 2026 budget driven by reserve requirements, highlighted fund-balance policy targets, and described a $20 million IH-CDA grant for a low-barrier shelter that OFM is administratively holding while real-estate work continues.
Abby (Controller) and Jake McVay (budget director) presented the Office of Finance & Management—s 2026 budget and described OFM—s divisions, staffing and priorities.
OFM comprises budget, financial reporting (grants and debt), revenue recovery, human resources and administrative/real-estate functions and had 74 employees. Jake said the department—s proposed 2026 budget decreases by approximately 6% compared with 2025,…
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