# Springfield City Council | Finance Committee October 13, 2026

Springfield City Council Finance Committee meeting, October 13, 2026: The committee discussed cannabis tax revenue and the city’s cannabis stabilization fund. Officials said 33% of the revenue is allocated to the fund, while the remainder goes to the general fund; in a reported period, $1.2 million went to the general fund and $609,000 to the stabilization fund. The fund currently holds about $1.7 million after the city repaid $1.4 million to two cannabis businesses following a state determination that an additional 3% charge under host community agreements was not allowable. One business was identified as Insight; the other was not recalled during the meeting.

The fund’s existing uses are limited to neighborhoods within 1.5 miles of a cannabis establishment and include youth and adult programming, neighborhood business incentives, infrastructure improvements, recreation and community sites, and other needed initiatives. Members discussed whether some funds could support the mayor’s targeted tax-relief program, while also emphasizing the needs of neighborhoods affected by dispensaries. No allocation or procurement decision was made: spending would require a proposed plan and council action, and expanding eligible uses may require an ordinance change and mayoral financial order. The committee also raised the possibility of asking the assessor’s office to offer residents an option to contribute to the tax-relief program. No procurement activity was identified.

**Jurisdictions:** sled
**Published:** October 13, 2026

### Sources
- [Springfield City Council | Finance Committee October 13, 2026](https://www.youtube.com/watch?v=RmM6Co_jlWw) - Springfield Municipal Meetings