Town Council Work Session - Sep 21, 2026
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What is the overview of the FY 2026 quarterly budget and Capital Improvements Program update?
🎵 🎵 Thank you.
Recycled music from a 50-year-old abandoned symphony by Gabriel Fauré, he turned it into Masques and Bergamasques. Emmanuel Cravin, conducting the Lyon National Orchestra. ¦ ¦
Thank you.
Good evening, Madam Mayor, members of council. Tonight I'm here to present on the quarterly budget and CIP update, and this is going to be for the fourth quarter of fiscal year 2026. Doug is not here tonight, so I'm going to cover the capital improvements program, so hopefully I will do it some justice. Before we get too far into the presentation, just want to note that these are preliminary unaudited figures, so they are subject to material year-end adjustments. This first slide just highlights the general fund overview of revenues and expenses. You can see here that excluding data center computer equipment taxes as well as the planned use of reserves, $87.5 million recognized in fiscal year 2026.
It's about 5.5% higher than what we anticipated in the budget. In contrast, we had collected $81.2 million at the same time last year, which was about 4.8% higher than budget. When we talk about it being higher than budget, this is part of why you don't end up using the reserves that we program in the annual budget in most instances. On the expenditure side of the house, you can see $87.5 million spent compared to $83.6 million last year. Despite the large change in the dollar value, you can see that percentage of budget spent in both instances very consistent at about 91%. Diving into general fund revenues, this chart just shows you a comparison of the percentage of budget recognized for each of our major classifications of revenue, with total revenue there off to the far right.
You can see the biggest area of growth really is those non-property taxes. That's largely your consumer taxes, sales tax, meals tax, transient occupancy tax. Less obvious in this chart, but you'll see it in attachment one, is also positive trends in your other local revenues, specifically interest permits and fine revenues. Turning to general fund expenditures, again, this chart just shows as a percentage of budget between FY25 and 26 by major category. Again, total expenditures, that consistency at 91%, but a couple different things going on that I just want to draw your attention to. Personnel in particular, whereas last year we spent almost 100% of the personnel budget, this year we're running a little bit lower, spending 97% of the personnel budget.
Well, There doesn't appear to be much difference in terms of percentages. Personnel does represent about 60% of the general fund budget, so that will mean expenditure savings, which means, again, you won't use as much reserves as anticipated in the budget. That lower cost for personnel services is primarily related to increased vacancies in the police department. In terms of the utilities fund operating revenue, $37.6 million, about 11% higher than anticipated in the budget compared to $35.8 million last year, which was 16% higher than budgeted. On the expenses side, you can see very consistent spend in terms of the dollar value, $28.6 million this year compared to $28.9 million last year. On a percentage, that's 86% of the budget this year and 88% last year.
Diving a little deeper into that operating revenue, again, 11% higher than budgeted overall compared to 16% higher last year. But if you dive into the very largest category of revenue, which comprises 95 to 99% of the Utilities Fund operating revenue, that's your charges for services, that's your quarterly billings for service, that was only up 5.4% higher than budgeted compared to right on 100% last year. The difference you're seeing in those two bar charts is really the interest from investment revenue wasn't that much higher than budget this year as it was last year because of the changing interest rate environment. In terms of operating expenses, again, 86% this year compared to 88% last year.
This chart just shows that broken down by category. Similar to the general fund, you see increased vacancy savings this year.
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Agenda
8 items
1
What is the overview of the FY 2026 quarterly budget and Capital Improvements Program update?
0:00–15:54
2
How did the council address reserve usage and the impact of staff vacancies on the budget?
15:54–31:29
3
What upcoming capital projects were announced and what are their expected completion dates?
31:29–1:02:18
4
How is the zoning ordinance rewrite organized and which articles are being reviewed?
1:02:18–1:55:44
5
What are non‑conforming uses, structures, lots and signs according to the new zoning code?
1:55:44–3:52:43
6
How does the town enforce zoning violations and calculate fines and penalties?
3:52:43–5:49:50
7
What motions and closed‑session actions were taken during this council work session?
5:49:50–7:38:43
8
What musical programming concluded the council meeting and where can listeners find more?
7:38:43–7:43:39
Speakers
5 identified
Kelly Burk 17 min
Nicholas Krukowski 5 min
Neil Steinberg 5 min
Patrick Wilt 2 min
Zach Cummings 1 min
Officials recognised by voice; public commenters shown as “Speaker N” unless they state their name.