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Springfield presents balanced preliminary 2026 budget, warns reliance on income tax remains a risk
Summary
Finance Director Katie Evanston presented a preliminary 2026 budget showing $61.3 million in General Fund revenue, an $88,000 projected surplus and staffing reductions; officials said a timing shift in income-tax remittances and one-time transfers helped close a prior $6.9 million gap but underlying pressures remain.
Katie Evanston, the city's finance director, told the Springfield City Commission that the city is presenting a balanced preliminary budget for 2026 after a year of difficult choices and targeted cost reductions. "Even with those challenges, we were able to deliver a balanced budget for 2026," Evanston said during the staff presentation.
Evanston said General Fund revenues for 2026 are projected at about $61,300,000 and General Fund expenditures at roughly $61,200,000, yielding a small $88,000 surplus for the year. She emphasized that most of the year-over-year revenue increase reflects a one-time timing change tied to the city's transition to a regional income-tax collection agency (which remits on the first of…
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