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Arlington presents balanced FY2026–27 budget with tax rate unchanged at $1.113
Summary
Staff presented a balanced FY2026–27 general fund budget estimating $19.25 million in revenue (tax rate unchanged), $1.5M in cuts since January, fund balance projections, and multi‑year capital plans; council approved first readings and scheduled the final public hearing for June 2.
Town finance staff presented the proposed fiscal year 2026–27 budget at the Board of Mayor and Aldermen meeting on May 4, describing a balanced general fund and plans for capital projects.
"We are presenting a balanced budget," staff presenter Mrs. Owens said, summarizing highlights: estimated general fund revenue of about $19.25 million, departmental expense reductions of roughly $1.5 million since initial proposals, and a proposed tax rate unchanged at $1.113 per $100 of assessed value. Staff noted certified tax rolls increased (real property, personal property and state assessed property increases were cited) and that the budget includes an estimated debt service payment for a new fire truck scheduled for delivery in early 2027.
Mrs. Owens reviewed revenue mix and fund balances, telling the board the undesignated fund balance for day‑to‑day operations remains near $17.1 million and complies with the town's fund balance policy. She described planned uses for transfers (state street aid, solid waste reserves and sewer operations) and proposed a $500,000 project reserve to help replenish balances following a prior street‑light conversion paid from cash.
On expenditures, staff highlighted street repair and maintenance projections and noted the sewer and solid‑waste funds are expected to show small positive fund balance changes. The presentation included a 10‑year capital improvement plan and department equipment lists; the full budget package and CIP were made available in the council packets and at town hall.
After discussion and a note that missing school numbers in ordinance text would be filled before second reading, the board approved the first reading of ordinance 2026‑07 and related budget amendments and set a public hearing and second/final reading for June 2. Staff said a special call would be scheduled only if necessary.
