At its November 25, 2025 meeting, the Board of Aldermen approved the FY2026 budget, which aligns with the calendar year. This budget reflects the City’s commitment to maintaining strong financial health while investing in essential services, infrastructure, and community amenities.
The FY2026 budget is organized into five primary funds:
General Fund
2026 Expenditures: $14.9M
The General Fund is the primary funding source for the Police, Fire, Public Works, and General Administration departments. It will also support major projects in 2026, including:
- Replacement of the large playground at Spellman Park
- Resurfacing projects
- Various Aquatic Center improvements
- Parks and street maintenance
- Infrastructure upgrades at the Government Center
Note: The General Fund currently maintains a reserve exceeding 70% of the budget—an indicator of strong financial health.
Capital Improvements Fund
2026 Expenditures: $2.8M
This fund supports the City’s largest one-time capital projects, including significant investments in streets, sidewalks, and essential vehicles such as snowplows and pickup trucks.
Park and Stormwater Fund
2026 Expenditures: $2.8M
This fund provides resources for daily operations and capital improvements within the Parks and Recreation Department. Key projects include:
- The “Back to Nature” project at Crestwood Park
- Funding for the City’s street program
- Implementation of new program registration and rental software
Debt Service Fund
2026 Expenditures: $19.5M
Formerly known as the Prop A Fund, this fund covers costs associated with constructing The Cliffs at Whitecliff Park, Crestwood’s new community center, and other Proposition A projects.
In April 2024, residents approved Proposition A, authorizing the City to issue General Obligation Bonds—the lowest-cost borrowing option for municipalities.
These bonds allow the project to be funded now and will be repaid over 20 years.
Sewer Lateral Fund
2026 Expenditures: $188K
This fund is dedicated exclusively to sewer lateral repairs and is supported by an annual $28 flat fee included in personal property taxes.