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Bay City officials present balanced FY 2026–27 general fund; retiree‑health costs and falling marijuana receipts reshape spending
Summary
City finance staff told commissioners the FY 2026–27 general fund is balanced with a roughly 0.57% increase, while retiree‑health liabilities and a drop in marijuana excise receipts alter revenue and spending priorities; a federal grant for demolition and remediation at Fire Station 2 is included.
Bay City Finance Presenter Mr. Martini told the commission on May 4 that the proposed FY 2026–27 general‑fund budget is essentially balanced and totals about $28.95 million. "It's it's truly a balanced budget," he said, adding the plan does not rely on using the general‑fund balance to close the gap.
The presentation highlighted several revenue and cost shifts shaping the budget. A GASB accounting change reclassified an electric‑department pilot payment from tax revenue to a transfer‑in, reducing the taxes line and increasing transfers. Mr. Martini also reported a significant decline in marijuana‑related license and excise receipts and said state revenue‑sharing…
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