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Canton City finance committee reviews final 2026 budget; officials warn of large water and sewer debt ahead
Summary
At a finance committee meeting, city staff presented the final 2026 budget and warned that major sewer and water projects and the timing of loan payments could force steep future rate increases unless reserves are used to smooth the costs.
At a Canton City finance committee meeting, staff presented the city's final 2026 budget and highlighted revenue and expenditure shifts that officials say will require planning to avoid sharp utility rate spikes.
The presenter outlined a revenues comparison showing $73,600,000 in 2024 revenue versus $79,200,000 in 2025 and attributed part of the increase to a county real estate revaluation, investment interest, HUD payroll reimbursements and higher ARPA reimbursements tied to major projects such as the Civic Center.
Why it matters: staff said Canton has budgeted several large wastewater and water projects for 2026 that will create loan payments in later years; without reserve planning, the city could face…
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