City Council Finance Sub Committee

Finance Subcommittee reviews FY26–FY27 budget update; discusses Free Cash, ARPA sunset, charter school costs

City Council Finance Subcommittee (C. Juran, C. McDonough, C. Scott) received a FY2026–FY2027 budget update from the CFO team (Conor Baldwin, Austin Ball) and Manager Golden, Jr. Presentation covered the budget schedule, public listening sessions, certified Free Cash, the ARPA sunset (no ARPA funding in 2027), revenue sources, and structural budget pressures (pensions, debt service, state assessments, health insurance, energy). Councilors and a public commenter raised concerns about health insurance costs, charter school reimbursement shortfalls, and salary grid comparisons. Next steps: additional public sessions and a public hearing; a salary grid will be part of the budget. Meeting adjourned at 6:29 PM.