Newburgh's 2026 budget proposal would lower homestead tax rate

Newburgh City Manager Todd Venning presented his 2026 budget proposal to the City Council on Oct. 14.

“My FY2026 budget proposal contains no new taxes,” said Venning in a press release, “and no rate increases for water, sewer, and sanitation services, while boosting public safety spending and continuing the City’s $250M infrastructure improvement plan.”

The 2026 proposed budget is $103,249,263, a 2.7% increase from the previous year.

The general funds of $71.7 million make up 69% of the budget and the remainder of $31.6 million is allocated as enterprise funds for water, sewer and sanitation.

Key takeaways from the 2026 budget proposal

Under the proposed budget, the homestead tax rate would be lowered for the seventh year in a row.

“Since 2019, my administration has reduced the hom