The city of Evansville is facing about a $4 million reduction in property tax income in 2026, thanks to Senate Bill one.
This saves residents about $300 on their property taxes.
"About half of our general fund revenue comes from property taxes," Terry said, adding the "belt tightening" is happening across the state overall, to maintain services with less money and higher utility costs.
“People want to see us take care of the basics," Terry said. "They want us to get our roads in better condition. They want us to continue to support public safety. Because if people want to feel safe in their neighborhoods, they want us to continue to invest in parks and community spaces and places where people gather.”
No cuts to public safety have been made, which take up 70-percent of the General Fund. Budgeted improvements to parks, and growing METS Micro, are modest.
Terry said the budget only grew by 1.6 percent overall. This was achieved by holding off on major purchases, freezing hiring and planning on no new bond debt.
They're also cutting $19 million from capital requests.
After public input and hearings, a budget will be approved on October 6th.
In the meantime, Terry urges residents to speak with their council members about the budget, and about what they'd like to see included.
The Council is scheduled to hold two public readings of the budget — the first at the September 22 meeting, and the second on Oct. 6.
This meeting will include any changes, and the final vote. Audio of Mayor Terry's presentation can be heard below.
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