Racine Common Council adopts 2026 city budget after debate over $4.5 million levy increase The Racine Common Council approved the proposed 2026 City of Racine budget, 8–5, after a public debate about a $4.5 million increase in the property tax levy, higher debt service and the role of TIFs in overall tax burdens.

The Racine Common Council's approval of the 2026 city budget sparked fierce debate over a staggering $4.5 million property tax increase that could impact residents' wallets.

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Racine finance director presents proposed 2026 budget, warns of structural deficit and heavy retiree-health obligation Finance Director Kathleen Fisher presented a proposed 2026 city budget totaling just under $276 million, highlighting a $236 million OPEB liability, $73 million in net new construction, use of $4.5 million in reserves to balance the general fund and plans for a possible $30–$35 million public safety bond.

Racine's proposed 2026 budget of nearly $276 million comes with a historic $73 million in new construction but reveals a looming structural deficit and hefty retiree health liabilities.

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