Consultants assist city in developing data integration for informed budget management.

The Finance Committee reviewed department presentations on the proposed 2027 executive capital budget — covering housing, TIF proposals, transit, and stormwater — and voted unanimously to refer the plan to the Sept. 22 Common Council meeting for a public hearing.

Finance staff told the committee that a midyear projection that earlier showed a $4.0M surplus would shrink to roughly $2.0M after adding about $1.0M in police-response overtime and a possible $800,000 IT license prepayment; the contingent reserve would drop toward $1.35M if two pending transfers pass.

The Madison Finance Committee adopted amendments affecting multiple tax incremental districts (TIDs), including $6.5M added to TID 44 and $6.4M to TID 46, after a public commenter urged holding the measures so district value could return to the general tax base to help the operating budget.

Council votes to update alcohol sale limitations and review 2026 budget process.

Finance Department details budget adjustments and cost projections for 2026 city budget.

Budget reallocations yield $1.9 million in savings for city agencies in 2026.

The Madison Finance Committee outlines budget timeline and amendment procedures for 2026.

Council votes to authorize $137 million in borrowing for capital projects and debt service.

Committee discusses potential budget adjustments following $16 million in unexpected interest income.

Madison's July sales tax collections rose to $537,000, indicating positive fiscal growth.