Mayor Brett P. Smiley’s proposed $624.2 million budget for fiscal 2026 includes a host of tax and fee hikes to help cover a projected $25 million shortfall.
The proposal raises fees and cuts the frequency of services such as trash removal, while cutting summer programs and eliminating city support for festivals and events.
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It also includes an overall tax revenue increase of 7.5% that will need General Assembly approval to exceed the normal maximum allowable hike of 4%.
Tax rates for homeowners and commercial property will go down but average residential property owners will still pay more due to rising valuations. Commercial property owners should see a slight drop in annual tax bills.
The budget requires approval by the City Council and must be signed by July 1.
