2026 Approved City Budget
BudgetAI Summary
The Bloomington Common Council adopted Ordinance 2025-11 on November 8, 2025, establishing the 2026 approved budget for Bloomington Civil City with total appropriations of approximately $145.6 million across multiple funds. The budget includes property tax levies and rates for various city services, with the General Fund receiving $65.1 million and significant allocations to Parks and Recreation ($13.2 million), Sanitation ($27.6 million), and Transportation ($4.0 million), among other municipal operations. The ordinance authorizes all expenditures for the fiscal year ending December 31, 2026, subject to applicable state laws and Department of Local Government Finance requirements.
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- Budget
The City of Bloomington Controller presented a 2021 budget overview addressing pandemic-related fiscal challenges, noting that departments have been asked to conserve spending while the city experienced revenue reductions in Street, Parks, and Food & Beverage Funds, partially offset by federal CARES and ARPA assistance. Cash reserves declined from 38.8% of annual expenditures at the end of 2020 to projected levels of 29.1% by end of 2021 and 23.6% by end of 2022, sufficient to cover approximately 4.5 months of general fund expenditures. Key revenue sources for the General Fund include property taxes (53.7%), Local Income Tax (26.5%), and miscellaneous revenues (19.9%), with the state projecting a 4.3% increase in property tax revenue but a 7.8% reduction in Local Income Tax for 2022 due to delayed tax filings.
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