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Birmingham reviews five-year financial forecast as commissioners debate using reserves for roads
Summary
City officials presented a five-year financial forecast projecting nearly $97 million in infrastructure spending and modest taxable-value growth; commissioners pressed staff on the fund-balance policy, the Headley rollback, and whether some reserves should be spent to accelerate road repairs.
City officials on Saturday walked the Birmingham City Commission through a five-year financial forecast that officials said is a planning tool — not a final budget — but one intended to shape the coming fiscal-year requests.
Miss Chavez, the city's finance director, and Tim St. Andrew of Plan Moran presented revenue assumptions, noting that property taxes remain the general fund's largest source. St. Andrew said state equalized value (SEV) is expected to grow faster than taxable value in the near term, widening a cushion that protects the city if market values decline. He cited 2026 taxable-value growth of about 6.4% and SEV growth of about 7.8%.
The forecast shows…
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