The FY2026 Budget Proposal – 6.5% Increase for the City, 5.6% Increase for the Schools
The FY2026 budget maintains program spending at FY2025 levels but adds a 5% salary increase for all City and school employees and growth-related costs. A 10.5% real estate assessment increase allows a 2.5c (2%) decrease in real estate taxes to $1.185.