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Detroit council reviews FY2027 'markup' spreadsheet, eyes $130.8M surplus and $42M reserve
Summary
At an executive-session budget markup on March 30, Detroit City Council received LPD’s spreadsheet detailing about $130.8 million in surplus and discussed using a $42 million capital income tax reserve as a potential funding source for council amendments ahead of the April 7 final vote.
Herb Corley of the Legislative Policy Division told the Detroit City Council in an executive-session budget markup on March 30 that the city is working with roughly $3,000,000,000 in total proposed spending, and that the council can influence about $1,560,000,000 of discretionary General Fund dollars.
Corley said the administration’s markup and the executive-session spreadsheet show approximately $130,800,000 in surplus across several funds, with roughly $105,000,000 coming from general-fund surplus, about $22,000,000 listed as FEMA reimbursements for COVID-19…
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