Description
Title: Resolution to Adopt Ann Arbor City Budget and Related Property Tax Millage Rates for Fiscal Year 2027
Summary
The proposed resolution to adopt the City of Ann Arbor's budget for fiscal year 2027 outlines a total budget of approximately $723 million in revenue and $650 million in expenditures, adhering to the City Charter. Key elements include a 2.4% increase in recurring expenditures and a 3.2% rise in recurring revenues from the previous year. The budget supports various community services, public safety, and infrastructure improvements, with specific allocations for areas like economic development and sustainable energy. The city plans to increase full-time equivalent positions to 893, which may temporarily exceed this number by 10. Additionally, the resolution sets property tax millage rates, reflecting slight reductions in some areas. This budget is significant for Ann Arbor residents, as it directly