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Ann Arbor officials preview FY27 budget amid revenue shifts and planned utility rate increases
Summary
City finance staff told council the administrator's recommended FY27 budget will arrive April 20 and highlighted revenue assumptions — modest state shared revenue growth, ~4% taxable value growth and parking recovery — plus proposed utility rate increases and a new enterprise fund for a Sustainable Energy Utility.
The Ann Arbor City Council work session on March 23 centered on the fiscal year 2027 budget timetable and key assumptions city finance staff used to build the draft plan. Marty Prechon, the city's chief financial officer, told council the administrator's recommended budget arrives April 20 and that council will consider first readings of utility‑rate ordinances the same evening, followed by public hearings and adoption steps in May.
Prechon said the budget process follows the city's financial policies, including a 15–20% general fund reserve target, and projected taxable‑value growth of just over…
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