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Woodstock presents proposed $104M FY2027 budget with 4% water and stormwater rate increases
Summary
Finance staff presented the first FY2027 proposed operating budget totaling $104 million citywide, including a 4% water and stormwater rate increase, a 1% COLA, use of $1.8M in health-insurance reserves, $75,000 for ARCTIC regional participation and continuation of Parks GO bond projects; council will vote after two more presentations.
Crystal Welch presented the City of Woodstock's proposed FY2027 operating budget on May 11, describing an overall citywide package of approximately $104,000,000 and a proposed general fund of about $34.3 million.
Welch said all funds were balanced as presented, and highlighted key assumptions: property-tax revenue projections based on 2.5% new-construction growth, a 1% cost-of-living adjustment included in personnel budgets, and the decision to use about $1.8 million of health insurance fund reserves to moderate employer allocations for FY27. She…
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