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Mayor and finance officials outline FY27 budget, stress high bond ratings and reserves
Summary
City leaders presented the FY27 budget framework, highlighting strong bond ratings, continued reserve-building and departmental staffing constraints; Finance said many increases are contractual and two-thirds of the overall budget is for schools.
The mayor opened the budget hearing by emphasizing the city's strong bond ratings and long-standing reserve policy, saying maintaining high ratings keeps borrowing costs low and enables capital projects such as new schools and neighborhood investments. The administration framed FY27 as a constrained year given federal and state funding uncertainty.
CFO Kathy Bunnell thanked department staff for year‑round,…
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