Summary
The City projects a FY26 General Fund balance of $509.2 million, or 8.1 percent of revenues, supported by a historically high starting balance even as operating deficits grow due to new reserve set asides and $50.0 million in unanticipated snow response costs. Total revenues are projected to be slightly above the Approved FY26–30 Plan for taxes overall, though shifts in ARPA interest transfers and volatility in BIRT and Realty Transfer Tax collections continue to reshape the revenue mix. Spending is projected to exceed the Approved Plan by 2.1 percent, driven primarily by the creation of a Federal Funds Reserve and the transfer for snow response costs, while staffing levels improved to 86.3 percent of full-time positions filled.