City Manager Gunderson presented a high-level overview of Milford’s proposed fiscal year 2026 budget to the Milford City Council on Dec. 2, saying binders and the slide deck would be available for residents to view.

Gunderson said the city is projecting about $8,200,000 in general fund revenue for FY2025 and roughly $25,300,000 in all-funds revenue. He reported income tax collections of about $5,900,000 and estimated general fund expenses near $9.5 million, with all-funds expenditures around $28.5 million.

"I just wanted to run through a very high level PowerPoint presentation regarding the numbers that are already provided," Gunderson told council, outlining the agenda for the budget presentation: an FY2025 overview, FY2026 projections, a debt summary, capital projects, income-tax revenues and fund-by-fund analysis including the general fund, capital improvement fund and service department funds.

Gunderson listed several capital projects included in the packet overview, naming 5 Points irrigation work, the water tower and a UV bulb replacement/installation among the larger items to be tracked in the capital program. He said the presentation materials are tabbed in the council binders so members and the public can follow along on screen or in print.

The presentation began in the Committee of the Whole after the council approved a motion to recess the regular meeting; Gunderson said staff has already started budget work and that the new assistant city manager, Tara, began assisting with budget tasks the previous day.

No formal vote on the FY2026 budget was taken at the Dec. 2 meeting; Gunderson indicated the packet contains further fund-level details and that the budget will move through the committee process for additional review.

Next steps: council will continue examination of the binder and slide deck materials as the Committee of the Whole proceeds with detailed fund discussions and capital project summaries in coming meetings.