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Billings proposes $447 million FY27 budget; staff recommend shifting marijuana tax to public safety
Summary
City finance staff presented a proposed FY27 spending plan that assumes $465 million in revenues and $447 million in expenses, a $1.1 million planned draw on reserves and a recommendation to move roughly $500,000 in marijuana excise tax into the public safety fund to balance operations.
City finance staff on Monday outlined a proposed fiscal year 2027 budget that projects $465 million in revenues against $447 million in operating and capital expenditures and asks the council to adopt fund-level spending authority ahead of a June adoption date.
The overview presentation, led by Andy Zeller, described the proposal as ‘‘balanced’’ at the fund level but acknowledged it relies on a $1.1 million planned use of general‑fund reserves and several assumptions that will be finalized in August, including expected construction-related property tax revenue. Zeller said the budget assumes a 2.95% inflationary increase in property tax revenue and estimated but did not include roughly $1,000,000 in unconfirmed new‑construction revenue.
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