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New Richmond council adopts balanced 2026 operating budget and 2026–2030 capital plan
Summary
The New Richmond City Council adopted a $10.18 million 2026 operating budget and a $12.2 million 2026 capital plan, setting a total levy of $8,214,586. Councilors said the budget is balanced and expects a roughly $17 annual tax impact on a median $350,000 home.
The New Richmond City Council voted to adopt the 2026 operating budget and the 2026–2030 capital improvement plan after a staff presentation and a public hearing.
A staff presenter told the council the proposed 2026 budget is balanced, with total planned revenues and expenditures of $10,179,825 — an increase of $574,932, or 6 percent, over the prior year. The presenter said the proposed levy is $8,214,586, up $717,854 (9.58 percent) from the previous year, and that the city’s portion of the mill rate would be about $5.10 per $1,000 of assessed value. "Underneath the 2026 budget, it reflects a balanced…
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