The Madison Common Council adopted the 2026 Executive Capital Budget and the 2026 Executive Operating Budget (as amended by the Finance Committee and by actions taken that evening) and approved a budget resolution that sets the 2025 property tax levy to be collected in 2026 at $326,666,421.

Finance Director Dave summarized the budget resolution (Legistar 90,658), noting the levy amount and ancillary figures tied to federal tax rules and debt authorization. He also explained that, under Madison municipal ordinance, a paragraph authorizing transfers from general debt reserves to capital projects required a separate vote; council recorded a unanimous vote on that paragraph.

Council handled multiple amendments in sequence and approved a floor amendment to fund an E. coli source‑testing pilot before debating a larger amendment about OIM funding (the latter failed). President Vittiver moved adoption of the capital and operating budgets as amended; the council recorded final approval that evening. A small number of Alders asked to be recorded as voting "no" on the operating budget before the clerk closed the roll call.

The finance director said staff will add final numeric line‑item amounts to the legislative record the following day. The budget resolution also references authorized indebtedness limits for general obligation debt, water utility revenue bonds and sewer utility reimbursements.

With adoption, city staff will proceed with the finance and procurement steps tied to the budgets and prepare implementing documents and capital purchase schedules during the normal calendar for 2026 work.

The council moved later in the meeting to adopt meeting‑format schedules through March 24, 2026, and adjourned.