Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Troy committee recommends council approve 2026 budget, asks council to back county millage decision and MCD exemption
Summary
A Troy committee voted unanimously to recommend the 2026 city budget to council, including quarterly funding for Troy Main Street ($60,000) and Troy Rec ($32,000), kept $2.5 million for Phase 1 police‑station renovations in the 2026 appropriation, and asked council to pass an emergency resolution supporting the county budget commission’s millage certification and the temporary zeroing of the Miami Conservancy District assessment for 2026.
City staff presented the proposed 2026 budget and the Troy Budget & Finance Committee unanimously recommended the council approve the proposal, while asking the council to adopt an emergency resolution backing the Miami County budget commission’s certification decisions for 2026 and the temporary zeroing of the Miami Conservancy District (MCD) assessment.
The recommendation covers general fund appropriations, targeted agency funding and capital project plans. City staff told the committee that “we expect that our income tax and tax revenues for 2026 will be relatively flat” and outlined a five‑year forecast showing fund balances declining if large capital projects and bond borrowing proceed as planned.
Why it matters: the budget includes both recurring agency support and major one‑time capital commitments that will significantly draw down city reserves. Committee members heard that projects scheduled to bid in 2026 — including the low‑dam (LoDAM) and Streetscape projects — and planned borrowing (auditor‑recommended bond issuance in 2028, with full debt…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
