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Mayor's FY2026 budget aims to hold property tax steady, prioritizes public safety and core services
Summary
City budget staff presented the mayor's recommended FY2026 budget: $1.86B in citywide expenditures, no property tax increase for FY26, a planned $28M draw from fund balance and investments in public‑safety initiatives including homeless services and alternative response.
Greg Cleary, the city budget director, presented the administration’s FY2026 recommended budget on May 13, describing a conservative approach in the face of economic uncertainty. Key points:
- Total citywide expenditures: approximately $1.86 billion, down about $121 million primarily because of lower capital spending (notably at the airport and in public utilities).
- Fund balance and property tax: the recommended budget uses about $28 million of fund…
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