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Hudson staff outline 2026 budget, five‑year capital priorities and carryover policy
Summary
Finance staff told council that income‑tax revenue projections were trimmed after a major employer left but November receipts are down only 0.8%; staff presented capital spending plans that average $3.5M per year for the street program and sizeable stormwater spending in the five‑year plan.
Hudson City finance staff reviewed the 2026 budget and the five‑year capital plan at the Dec. 9 workshop, highlighting revenue assumptions, capital expenditures and policy on excess carryover balances.
Finance presenter Jeff said the budget team projected a 3.7% income‑tax revenue decrease tied to the loss of a major employer but that year‑to‑date collections through November were down only about 0.8%. On capital, staff described an average annual street program of roughly $3.5 million from 2026 through 2030 and a set of specific street improvement projects totaling approximately $3.9 million. Public and private stormwater projects were presented as roughly $8.3 million in total across the five‑year window.
Jeff noted the general fund will transfer $600,000 per year to the fire fund to continue daytime and planned overnight staffing increases tied to renovations expected to conclude in 2026. He also reviewed an ordinance (24‑152) that requires the city to report excess carryover fund balances in January; the ordinance directs that 50% of any excess be spent on infrastructure projects unless council decides otherwise.
Council members asked clarifying questions about annual totals and the schedule for follow‑up; staff said a fuller report on appropriation adjustments and reserves will be provided in January.
