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Finance Committee previews $8.2 million 2026 General Fund with modest surplus
Summary
Finance Director Tom Reynolds presented a $8.14 million expenditure plan and roughly $8.2 million in projected revenue for 2026, estimating a $60,758 improvement to the General Fund balance while flagging rising health-insurance and departmental funding pressures.
Finance Director Tom Reynolds told the Finance Committee that the proposed 2026 General Fund budget forecasts $8,136,741 in expenditures against about $8.2 million in revenue, producing a projected $60,758 increase to the fund balance if revenue and expense assumptions hold.
Reynolds said revenue assumptions include a 4% increase in income-tax receipts and an estimated $40,000 from employees at the Evergreen plant; he also cited growing EMS-fee and permit revenues tied to recent building activity. "The total expenditures are $8,136,741 for General Fund and we are budgeting about $8.2 million in revenue," Reynolds said.
The finance director warned that several departmental funds remain tight and that ongoing cost pressures—particularly a projected 22% rise in health insurance premiums—threaten long-term sustainability. Council members pressed for detail on operating-account changes that produced a year-over-year reduction in certain lines, and Reynolds said reductions were driven by lower projected operating expenses rather than staffing cuts to public safety accounts.
The committee will use the presentation as the working baseline while council and administration consider transfers, potential grant matches and any mid-year adjustments.
