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Council staff warns of multi-year revenue shortfall; FY26 stable but FY27 projected down
Summary
Council staff presented a midyear fiscal-plan update: FY26 revenues are roughly on track, but projections show a sizeable downward revision beginning in FY27 driven by lower property- and income-tax forecasts; staff estimated the plan could face roughly $850 million less resources over the planning period compared with June projections.
Council staff and the county’s financial team presented a midyear update to the six-year fiscal plan, warning that while fiscal 2026 remains roughly on track, projections show a material revenue reduction beginning in FY27.
Staff said FY26 has a negligibly lower revenue outlook (about -$1 million) but cautioned that projected revenues for FY27 have deteriorated compared with the June assumptions. The staff presentation identified two primary drivers: lower…
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