Five-Year Financial Forecast
Section 3 · Pages 25–27 · 2 tables · includes narrative
2027 Proposed
$727,326,777
Content
2 tables· 3 pg
On this page
Page 25
Five-Year Financial Forecast
Five-Year Financial Forecast
Page 26
Target Budget
revenue
Page 1, Table 0 (p. 26 in full PDF)
Shows projected revenue by source.
| REVENUES | 2026 Estimate | 2027 Budget | 2028 Forecast | 2029 Forecast | 2030 Forecast | 2031 Forecast |
|---|---|---|---|---|---|---|
| Use of Fund Balance | — | 28,253,606 | — | — | — | — |
| Real Estate Tax | 174,044,024 | 171,390,520 | 172,703,636 | 171,749,054 | 170,813,859 | 169,896,814 |
| Earned Income Tax | 150,004,868 | 150,502,766 | 155,498,829 | 158,606,806 | 161,463,764 | 164,693,039 |
| Payroll Preparation Tax | 91,435,696 | 72,056,589 | 72,777,155 | 73,504,927 | 74,239,976 | 74,982,376 |
| Parking Tax | 62,418,971 | 58,469,826 | 60,145,569 | 60,802,829 | 61,109,859 | 61,621,649 |
| Regional Asset District Tax Relief | 28,658,201 | 28,542,303 | 29,586,345 | 30,437,844 | 31,313,849 | 32,337,169 |
| Deed Transfer Tax | 49,099,376 | 48,382,581 | 48,866,406 | 49,355,070 | 49,848,621 | 50,347,107 |
| Amusement Tax | 23,244,366 | 19,470,168 | 21,954,439 | 22,518,093 | 23,071,889 | 23,666,248 |
| Local Service Tax | 14,003,543 | 12,243,960 | 12,133,764 | 12,024,560 | 11,920,159 | 11,816,696 |
| Facility Usage Fee | 19,721 | — | — | — | — | — |
| Telecommunications Licensing Tax | 1,175,201 | 1,167,614 | 1,155,938 | 1,144,378 | 1,132,934 | 1,121,605 |
| Institution Service Privilege Tax | 592,403 | 76,435 | 76,435 | 76,435 | 76,435 | 76,435 |
| Non-Profit Payment for Services | 715,174 | 673,353 | 688,840 | 702,617 | 715,264 | 729,570 |
| Other Taxes | — | — | — | — | — | — |
| Licenses and Permits | 17,405,753 | 17,535,888 | 17,935,185 | 18,290,342 | 18,616,352 | 18,984,951 |
| Charges for Services | 39,805,136 | 52,318,730 | 53,060,617 | 53,527,730 | 54,182,464 | 54,790,510 |
| Fines and Forfeitures | 10,490,403 | 11,338,057 | 11,598,832 | 11,830,809 | 12,043,763 | 12,284,639 |
| Intergovernmental Revenue | 47,658,708 | 50,580,439 | 52,430,411 | 53,566,910 | 54,750,838 | 55,013,949 |
| Interest Earnings | 8,345,354 | 3,902,141 | 3,254,464 | 2,049,227 | 1,404,409 | 1,035,223 |
| Miscellaneous Revenues | 354,613 | 120,500 | 122,800 | 124,816 | 126,724 | 128,849 |
| Total Revenues | 719,471,508 | 727,326,776 | 713,989,667 | 720,312,447 | 726,831,160 | 733,526,827 |
| EXPENDITURES | ||||||
| Salaries | 303,439,166 | 328,169,672 | 337,152,356 | 340,589,070 | 344,307,643 | 347,673,420 |
| Health Benefits | 73,826,839 | 81,451,826 | 84,719,486 | 86,482,998 | 88,299,903 | 90,333,972 |
| Workers' Comp. | 8,406,710 | 10,419,500 | 12,919,500 | 12,919,500 | 12,919,500 | 12,926,807 |
| Pension & OPEB | 111,816,817 | 105,183,969 | 105,731,071 | 106,051,869 | 106,392,750 | 106,706,907 |
| Operating Departments | 146,326,841 | 154,842,644 | 148,314,627 | 147,828,270 | 149,001,846 | 149,651,539 |
| Debt Service | 71,261,956 | 47,259,165 | 52,692,358 | 58,037,318 | 62,950,397 | 68,428,457 |
| Total Expenditures | 715,078,329 | 727,326,777 | 741,529,397 | 751,909,024 | 763,872,039 | 775,721,101 |
| OPERATING RESULT | 4,393,180 | — | (27,539,730) | (31,596,577) | (37,040,879) | (42,194,275) |
| BEGINNING RESERVE FUND | ||||||
| BALANCE | 194,428,565 | 129,666,837 | 132,966,836 | 99,277,106 | 62,280,529 | 19,839,650 |
| Transfer to PAYGO | (21,000,000) | (8,700,000) | (6,150,000) | (5,400,000) | (5,400,000) | (9,050,000) |
| Transfer to Housing | ||||||
| Opportunity Fund | (10,000,000) | — | — | — | — | — |
| Transfer for Housing Issuance | (2,500,000) | — | — | — | — | — |
| Transfer to Stop the Violence Fund | (5,000,000) | — | — | — | — | — |
| Transfer to Tech. Modernization Fund | (2,100,000) | — | — | — | — | — |
| Transfer from STV Fund | — | 12,000,000.00 | — | — | — | — |
| ENDING RESERVE FUND BALANCE | 158,221,745 | 132,966,836 | 99,277,106 | 62,280,529 | 19,839,650 | (31,404,625) |
| FUND BALANCE AS A % OF | ||||||
| EXPENDITURES | 22.1% | 18.3% | 13.4% | 8.3% | 2.6% | (4.0)% |
| DEBT SERVICE AS A % OF | ||||||
| EXPENDITURES | 10.0% | 6.5% | 7.1% | 7.7% | 8.2% | 8.8% |
Totals may not sum due to rounding
Transfers to Housing Opportunity Fund, for Housing Issuance, and to Tech Modernization now budgeted as expenditures in OMB and I&P.
Page 27
By Department
The table below illustrates the five-year departmental expenditure forecast through fiscal year 2031. These figures include all known contracted amounts as well as projected salary increases.
financial_summary
Page 2, Table 0 (p. 27 in full PDF)
Compares actual, budgeted, and proposed spending across fiscal years.
| 2025 Actual | 2026 Estimate | 2027 Budget | 2028 Budget | 2029 Budget | 2030 Budget | 2031 Budget | |
|---|---|---|---|---|---|---|---|
| City Council Districts | 3,377,774 | 3,480,197 | 3,932,117 | 3,981,186 | 4,030,225 | 4,080,980 | 4,114,981 |
| Office of the City Clerk | 2,200,264 | 2,170,698 | 2,646,774 | 2,675,822 | 2,700,488 | 2,728,914 | 2,768,015 |
| Office of the Mayor | 4,019,734 | 4,077,105 | 3,987,255 | 3,980,813 | 4,024,380 | 4,069,262 | 4,102,256 |
| Office of Management and Budget | 22,070,929 | 25,426,846 | 31,019,763 | 31,217,270 | 31,907,973 | 32,017,896 | 32,117,633 |
| Innovation and Performance | 20,671,591 | 22,878,494 | 26,451,530 | 25,875,923 | 24,125,160 | 24,292,132 | 24,479,451 |
| Commission on Human Relations | 786,432 | 817,535 | 903,750 | 928,648 | 941,845 | 954,235 | 961,521 |
| Office of the City Controller | 5,091,231 | 5,673,867 | 6,859,771 | 7,040,489 | 7,122,273 | 7,205,088 | 7,260,988 |
| Finance | 191,380,843 | 189,715,325 | 160,015,622 | 166,134,018 | 171,934,461 | 177,246,174 | 183,070,846 |
| Law | 6,909,816 | 10,931,587 | 13,200,190 | 7,779,924 | 7,842,758 | 7,907,025 | 7,948,522 |
| Ethics Hearing Board | 150,518 | 158,040 | 191,446 | 192,719 | 194,014 | 195,332 | 196,651 |
| Office of Municipal Investigations | 719,126 | 771,743 | 842,267 | 853,620 | 863,400 | 873,317 | 880,105 |
| Human Resources and Civil Service | 29,975,002 | 31,770,848 | 36,435,488 | 40,080,878 | 39,153,405 | 39,252,053 | 40,708,963 |
| City Planning | 8,474,309 | 6,318,355 | 5,617,661 | 5,773,382 | 5,849,630 | 5,927,976 | 5,981,811 |
| Permits, Licenses, and Inspections | 9,740,991 | 10,382,253 | 11,352,960 | 11,707,220 | 11,856,295 | 12,004,276 | 12,095,346 |
| Public Safety Administration | 14,483,175 | 15,250,562 | 21,269,162 | 21,812,769 | 22,065,463 | 22,273,762 | 22,361,077 |
| Bureau of Emergency Medical Services | 31,162,222 | 33,370,740 | 39,385,034 | 39,388,302 | 39,926,595 | 40,492,505 | 40,811,991 |
| Bureau of Police | 117,507,309 | 120,701,934 | 128,237,594 | 131,840,583 | 133,902,228 | 135,987,763 | 137,451,787 |
| Bureau of Fire | 105,595,349 | 106,855,974 | 111,745,836 | 115,128,822 | 116,645,832 | 118,067,508 | 118,955,416 |
| Bureau of Animal Care and Control | 2,154,436 | 2,435,433 | 2,800,277 | 2,843,669 | 2,861,618 | 2,881,458 | 3,320,353 |
| Office of Community Health and Safety | 812,818 | 1,656,600 | 4,133,821 | 4,187,112 | 4,239,437 | 4,275,911 | 4,310,634 |
| Public Works Administration | 11,196,763 | 34,220,819 | 25,843,216 | 25,408,744 | 25,446,264 | 25,484,596 | 25,508,650 |
| Bureau of Operations | 27,006,904 | 27,464,552 | 28,575,964 | 29,283,409 | 29,618,342 | 29,957,011 | 30,195,089 |
| Bureau of Environmental Services | 19,863,115 | 20,590,061 | 22,145,912 | 22,695,795 | 22,947,485 | 23,209,140 | 23,348,487 |
| Bureau of Facilities | 12,395,186 | 13,004,862 | 13,383,036 | 13,459,767 | 13,569,187 | 13,721,210 | 13,814,839 |
| Parks and Recreation | 6,233,557 | 7,330,039 | 7,914,902 | 8,035,782 | 8,147,118 | 8,237,223 | 8,300,104 |
| Mobility and Infrastructure | 12,272,310 | 16,666,775 | 17,390,565 | 18,153,498 | 18,911,797 | 19,435,590 | 19,554,490 |
| Citizen Police Review Board | 774,176 | 917,086 | 1,044,864 | 1,069,233 | 1,081,353 | 1,093,703 | 1,101,092 |
| Total Expenditures | 667,025,881 | 715,038,329 | 727,326,777 | 741,529,398 | 751,909,024 | 763,872,039 | 775,721,101 |
| Change from Prior Year | 7.2% | 1.7% | 2.0% | 1.4% | 1.6% | 1.6% |
Totals may not sum due to rounding