Newark projects modest surplus as council seeks to avoid a tax-rate increase
City Administrator Jenni Moore reported FY2025-26 expenses are expected to come in slightly under budget and revenues are projected to exceed budget; council directed staff to plan a budget that avoids a tax rate increase and limits nonessential spending.
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City Administrator Jenni Moore led a budget workshop presenting year-to-date performance and projections. She reported total budgeted expenses of $13,806,522 were projected to come in slightly lower at $13,761,385, while total income was projected to exceed budget at $14,299,106 versus the budgeted $13,806,522.
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