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Hopewell council holds first reading of proposed FY27 operating budget
Summary
City staff presented a proposed FY27 operating budget totaling $222.7 million (all funds) with $13.5 million in school support, a $500,000 capital allocation, a 2% COLA, and the city absorbing most of a 6% health-insurance increase; a second reading was scheduled for a future meeting.
Stacy Jordan presented the first reading of the proposed fiscal year 2027 operating budget to the council, outlining major revenues and department changes and inviting public comment. "Our proposed all funds budget is 222,707,646," Jordan told the council and described principal program areas including general government, schools, enterprise funds, and capital projects.
Jordan highlighted a 2% cost-of-living adjustment across city departments, a 6% increase in health-insurance costs (about $293,000) with the city absorbing roughly 82% of that rise, funding of $13.5 million for schools, a $500,000 allocation for capital projects, and enterprise-fund totals such as Hopewell Water Renewal operations ($21,566,998).
Council opened the public hearing and heard comments from residents; the council closed the hearing after public testimony and indicated it will hold another reading and vote at a future meeting. No formal budget vote occurred at this session; this was the required first reading and public-comment step.
