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City manager proposes $956 million FY2026 budget, no tax‑rate increase

Alexandria City Council · February 25, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

City Manager James Perjean presented a $956 million FY2026 operating budget and a $2.08 billion, 10‑year CIP that keeps the tax rate unchanged. The proposal prioritizes schools, housing and youth programs while setting aside reserves to guard against federal funding uncertainty.

City Manager James Perjean on Feb. 25 presented a proposed FY2026 operating budget of $956,000,000 and a 10‑year capital improvement program of roughly $2.08 billion, telling the City Council the plan seeks to protect services without proposing a tax‑rate increase.

The manager said the operating budget represents approximately a 3% increase, with about one‑third of the additional operating dollars going to Alexandria City Public Schools (ACPS). The proposal allocates $329,000,000 toward ACPS in FY2026 and includes a $30,000,000 housing allocation intended for new affordable housing, rehabs and eviction prevention. He said the proposal does not raise the real…

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