FLINT, Mich. (Michigan News Source) – The city of Flint’s General Fund revenues have increased from $53.2 million in 2018-19 to projected $64.2 million in 2025-26, when the city estimated it will overspend by $4.2 million.

The city released documents on its budget including projections for the 2025-26 fiscal year, which begins July 1, 2025. The documents were part of the March 26 final hearing on the city’s budget.

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The General Fund is what cities used to pay most of its operating expenses. Flint’s General Fund is projected to bring in $64.2 million in 2025-26 and have expenditures of $68.5 million. The $4.2 million deficit would be covered by the city’s Fund Balance, which will drop to $29.2 million.

Flint Mayor Sheldon Neeley said some of the proposed 2025-26 budget still includes federal money from the American Rescue Plan Act. He said that most of the budget was personnel costs.

The city brought in $16 million in income tax revenue in 2018-19 and projects that to increase to $21 million in 2025-26. There are 24 cities in Michigan, including Flint, that collect a local income tax. Flint taxes residents at 1% and nonresidents at 0.5%.

According to the U.S. Census Bureau, 40.7% of the people in Flint live at the poverty level or below.