(Baltimore, MD) -- Baltimore Mayor Brandon Scott has released his fiscal 2026 budget plan and now it moves to the City Council for review.
The mayor says the budget of $4.6 billion addresses a projected shortfall of $85 million through more than $26 million in new revenue from updated fee structures, nearly $44 million in city cost optimizations and around $15 million in agency-specific reductions.
Mayor Scott says the budget prioritizes youth development, public safety, neighborhood revitalization and responsible resource stewardship.
He also says it invests in the city's growth and does not include increases in property or income taxes for residents.
“This year’s budget outlook is filled with both opportunities and challenges, exacerbated by uncertainty at the federal level and a significant state deficit being addressed in Annapolis,” said Mayor Scott. “Even in the face of challenging economic circumstances, my Administration is committed to investing in our young people and older adults, improving our core service delivery, and continuing the historic progress we have made on public safety. The FY2026 budget is a reflection of our city’s values. This is not just our financial plan for the next year; it is a roadmap for our future—designed to invest in the safety, health, and prosperity of every resident.”
24/7 News Source contributed to this report.
