The URL can be used to link to this page

Home My WebLink About2025-09-22 2026 Budget Public Hearing FILEDCity of South Bend 2026 Budget September 22, 2025 • City of South Bend Bianca Tirado City Clerk, South Bend, IN Wednesday, August 13, 2025 Wednesday, August 20, 2025 Wednesday, August 27, 2025 Wednesday, September 3, 2025 Wednesday, September 10, 2025 Thursday, September 11, 2025 Wednesday, September 17, 2025 Monday, September 22, 2025 Monday, October 13, 2025 ....._. City of South Bend � Indiana 5:30 PM 6:00 PM 6:00 PM 6:00 PM 6:30 PM 5:30 PM 6:00 PM 5:30 PM 7:00 PM 2026 City-Wide Budget Overview -Mayor's Office -Diversity and Inclusion -Community Police Review Board -City Clerk -Common Council Administration & Finance -Legal -Innovation & Technology Department of Community Investments -Transpo Department of Public Works Venue, Parks, & Arts -Human Rights Commission Fire Department & Police Department Council Working Session -Budget Wrap-up and Final Questions Public Hearing on 2025 Budget (Council Meeting) Vote on 2026 Budget (Council Meeting) Top priorities across engagement methods Major Themes: 1. Resurfacing & repairs for streets 2. Neighborhood infrastructure 3. More housing of all types 4. Safe, reliable water and utility services -·� City of South Bend " ,... -Indiana in Macroeconomy • Inflation increasing again • Stalled growth, stable interest rates • Competitive wages continue to climb faster than revenue growth City Financial Position • Uncertain revenue due to SB 1, healthy reserves • Need to make additional cuts • Continue investments in growth to expand tax base Policy Outlook • Federal spending cuts • State road funding formula • State income tax reform S 120.000.000 S 100,000.000 S80.000.000 560.000 000 S-10.000 000 S20.000.000 $0 2021 2022 2024 2025 2026 2027 Esumated 2028 Sourc., .-iIsIonca· lev, :mo C,rcu,t Brea, er lossc:s ar1e J><:r tne 2020 -'.'025 St Jos.:ph Coun1, C>rcun Breah,;1 Repons ptep.:ired t>, the DLGf Esumama figures per t"e LS'I ·E�l1111a:ed t-.ei Le,nes SB 1 i202�•l -Reao1no Ame1>dmen: -'I.0oote<J ti, tile Youse of qeoresen:au1es reoo'l oa..ed Aon, 9 2025 S45,000.000 S-l0.000.000 535,000,000 $30,000.000 525,000,000 520,000.000 $15,000,000 S 10.000.000 $5,000.000 $0 0 50% l\1u111cIp.:il R.:ite 1 00% Munic,p;:il R;:ite Cemtied I 20% Municipal R.:ite $7,616.800 0 20% Fire Protection/EMS LIT Rate SI ::,.233. 700 0 40% Fire Protectton/EMS LIT Rate Note· 2025 .:ictual data represents the City's dIstntJut1on of the Certified St1ares. Economic Development, ;:ind Public Safety LIT Expenditure rates, per the DLGF. and ad1usted for Inflalion as noted • South Bend civil city could see a property tax reduction from 2025 revenues of less than $1 million (LSA) to over $10 million in 2028 (Baker Tilly) • Income tax revenues could be substantially less in 2028 or slightly more, depending on municipal rate and county fire/EMS rate • Without changes, city taxpayers will likely pay more for the same or lower service level -from 1.75% today up to 2.9% in 2028 • State legislators reviewing income tax impacts _ ·", City of South Bend • .. - � Property Taxes Local Income Taxes Charges for Services Debt Proceeds Donations Fines, Forfeitures, and Fees Interest Earnings lntergov./ Grants lntergov./ Shared Revenues Licenses & Permits PILOT Other Income lnterfund Transfers In 2023 Actuals 2024 Actuals 2025 Adopted Budget 2026 Proposed Budget VOV % Chg 61,739,306 65,178,717 67,959,634 68,741,318 1.2% 44,541,348 41,439,340 43,460,144 44,390,313 2.1% 114,705,082 123,589,568 107,617,756 124,930,221 16.1% 4,913,200 26,573,000 18,063,997 28,987,383 60.5% 4,721,935 9,720,560 1,393,000 9,039,000 548.9% 664,440 744,420 781,840 559,850 -28.4% 7,982,221 12,411,286 3,209,018 7,276,367 126.7% 8,738,061 4,489,368 5,189,662 5,006,082 -3.5% 27,529,359 30,670,188 30,411,792 29,605,443 -2.7% 2,348,304 1,930,707 2,588,372 3,647,422 40.9% 6,095,594 6,024,186 5,765,661 5,975,482 3.6% 5,643,414 3,108,272 1,917,679 3,519,183 83.5% 73,731,039 66,839,049 79,513,811 85,719,194 7.8% Grand Total 363,353,303 392,718,661 367,872,366 417,397,258 13.5% City of South Bend Indiana 01 Mayor's Office 02 City Clerk 03 Common Council 04 Administration & Finance 05 Legal Department 06 Public Works 07 Innovation & Technology 08 Police Department 09 Fire Department 10 Dept of Community Investment 11 Venues, Parks & Arts lnterfund Transfers Out Grand Total _____ _ City of South Bend .. Indiana 2,132,797 869,934 433,836 424,275 509,239 599,639 52,290,061 41,613,850 1,303,534 1,441,171 82,035,216 74,748,032 9,298,919 9,420,931 43,031,323 46,162,859 38,290,606 41,819,635 27,676,663 16,795,208 36,461,432 36,759,065 75,226,513 55,791,017 368,690 139 326 445 616 1,109,306 492,180 888,100 47,995,436 1,731,678 109,085,221 13,056,860 51,624,354 43,376,051 22,712,628 31,842,727 83,427,056 407 341 597 2025 Bud et 1,180,862 510,538 941,725 52,163,989 1,807,343 113,252,719 15,011,232 54,276,559 44,832,833 22,056,642 32,622,998 85,691,953 2026 Pro osed I Bud et YOY % Ch 1,170,660 -0.86% 491,027 -3.82% 835,250 -11.31% 50,987,379 -2.26% 1,813,884 0.36% 131,758,355 16.34% 15,005,358 -0.04% 56,869,781 4.78% 46,130,851 * 2.90% 20,490,142 -7.10% 30,953,722 -5.12% 79,536,567 -7.18% 424 349 392 436,042 976 2.76% Fund Category General Fund Local Income Tax Funds -Public Safety & Economic Development Special Revenue Funds capital & Debt SelVice Funds Internal SelVice Funds Enterprise & Other Funds 12/31/2026 Projected cash Balance 87,486,299 23,194,958 52,697,251 24,901,744 21,705,837 72,977,2291 cash Reseave Requirement 53,309,653 14,150,291 22,442,231 14,392,489 8,877,038 17,967,2641 Variance Reseave Requirement Explanation 34,176,646 &Ploof annual operating expenses 9,044,667 50% of annual operating expenses for LIT-Economic Development fund. LIT-Public Safety Fund, has no reserve requirement. 30 255 020 Total Reserve requirement for ' ' all Special Revenue Funds Includes Rainy Dav Fund,. 10,509,256 Debt Seavice Reseaves 12 828 799 !otal Reseave requirement for all ' ' mtemal funds. 55 009 965 �otal reserve requirement for all ' ' nterprise (rate supported} funds. (City): • Deficit Breakdown: • General Plus Funds Reserve Spend Down: $10,103,082 • Enterprise Funds Spend Down: $18,185,671 (water and sewer capital proceeds) • Other funds surplus: $9,643,035 • General Plus Fund Reserve spend down increased due to decrease in projected property tax revenue and local income tax revenues per DLGF data. Note: Excludes Redevelopment Commission • Stronger than expected revenue • Cost savings {particularly in personnel and some departments spending roughly 70-75% of their actual budgets.) " City of South Bend Safe Community for Everyone • Expansion of Community Resource Officers and Strategic Focus Unit (full staffing level of 257 sworn officers) • Expansion of real time crime center operations and technology • Continued investments in homelessness strategy • Animal Resource Center • Police and fire negotiations Strong Neighborhoods and Infrastructure • Continued funding above historic levels for Rebuilding Our Streets • Parks and neighborhood projects • Vibrant places grant • IGNITE grants • All-of-the-above housing strategy Good Government • Cost of living adjustments to attract and retain talent • New City Hall service center • Proactive 311