Martinsville City Council reviewed City Manager Robert Fincher’s proposed FY 2026–27 budget on April 28, featuring major cuts and a real estate tax increase.
The plan follows a $5 million budget gap caused by overestimated revenues and underestimated expenses. Cost-saving measures include a hiring freeze, reduced school and agency funding, and cuts to travel and supplies. Despite nearly $3 million in reductions, a $2 million shortfall remains.
Fincher recommends raising the tax rate by $0.09 to $0.84 per $100 of value, which would still be below the regional average. Council will hold work sessions through May 6.
