Detroit City Council Budget Finance and Audit 01-07-2026

City Council Budget, Finance and Audit Committee, City of Detroit · January 7, 2026

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Call to order and approval of minutes

Presentation

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The chair called the meeting to order, confirmed quorum, asked if members received the 11/19/2025 minutes and, after a motion, approved the minutes without objection.

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Actions:approve minutes

City officials presented the four-month financial report (through Oct. 31, 2025); presenters said the city’s Annual Comprehensive Financial Report has been published, projected a $61.1 million municipal income tax shortfall for FY26, and described higher wagering/online gaming receipts and a $42 million reserve that together leave the city with a modest running surplus at this early point.

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Transcript

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