A year after $22 million referendum, Madison mayor’s budget calls for modest changes

In 2026, the city anticipates an $8.6 million increase in property tax revenues and a $5.2 million increase in other local revenues, including a $3 million increase in earnings from city investments due to higher interest rates. The city is also expecting $5 million more in state aid, partly because the most recent state budget raises payments for providing some municipal services to state and Universities of Wisconsin facilities.