Finance Committee: Meeting of June 29, 2026

The City of Madison, Wisconsin Finance Committee met on June 29, 2026, to discuss several budget and staffing items, including amendments to tax incremental districts (TIDs) and the 2027 operating budget outlook. Key procurement-related discussions involved approval of new full-time positions in housing and parking divisions, and amendments to multiple TIDs to fund public works, housing development, and small business support projects totaling millions of dollars. The committee also reviewed the city's budget constraints, including levy limits and expenditure restraint limits, highlighting a projected $11 million gap for 2027 and the need for a 2% operational budget cut across agencies. The meeting included a detailed presentation on TID amendments, their impact on the general fund, and the city's approach to balancing the upcoming budget while maintaining core services. Motions to adopt items 5 through 8, item 2, item 4, and items 9 through 15 were passed unanimously, while item 3 was re-referred to relevant boards for further consideration. The committee also discussed potential revenue strategies such as special charges and the implications of state laws on protective services funding.