At a special meeting last night, Mayor Joseph Ferris--flanked by the other members of the Board of Estimate and Apportionment, Treasurer Heather Campbell and Council President Margaret Morris--presented the proposed budget for 2027 to the Common Council.
Ferris noted that, at the start of the BEA review, requests for expenditures totaled $17,229,318, leaving a gap of $2.6 million between revenues and expenditures. During the BEA process, expenditures were brought down to $16,621,744.
The budget was balanced by increases in projected revenues from what Ferris called "user fees": the cost of trash bags, parking rates, and parking fines, as well as increases in interest and penalties for late payment of property taxes.
The big takeaways from the mayor's presentation were that the 2027 budget involves no increase in property taxes and no decrease in the City's fund balance.
The Common Council holds a special meeting to discuss the proposed budget on Thursday, November 12, at 6:00 p.m. A public hearing on the budget is scheduled for Tuesday, November 17, at 6:00 p.m.

































