Oak Park, MI – City Manager Erik Tungate presented a three-year budget proposal to City Council earlier this week, receiving unanimous approval. The balanced plan covers Fiscal Years 2026–27 through 2028–29 and reflects a disciplined, forward-looking approach to maintaining financial stability while continuing strategic investment in the community. 
The budget is shaped by a steadily improving local tax base and long-term financial planning. Taxable value is projected to reach approximately $803 million in 2026, continuing several years of strong growth.   
Despite ongoing pressures from inflation, healthcare costs, and legacy pension obligations, the City maintains core service levels and a stable financial position. The General Fund balance is projected at approximately $4.77 million, or 16.7% of expenditures—remaining strong while reflecting increased support for District Court operations.  
FY 2026–27 Budget Highlights 

• Balanced three-year General Fund budget totaling approximately $27.4 million in FY 2026-27 

• Continued growth in taxable value, strengthening long-term revenue stability 

• No increase in solid waste fees for the 7th consecutive year

• No increase in stormwater rates for the 5th consecutive year  

• 6% combined water and sewer rate adjustment to address rising wholesale costs  

• General Fund balance at 16.7%, remaining stable year over year  

• Continued investment in Parks and Recreation, including trailways and Tyler Park improvements  

• Issuance of the remaining $34 million in bonds to begin construction of a new Community Center  

• Ongoing progress in strengthening retirement systems funded status, with levels improving significantly in recent years  

“This budget reflects years of careful planning and responsible decision-making,” said City Manager Erik Tungate. “We are maintaining stability while continuing to invest in infrastructure, community amenities, and our long-term financial health.” 
Watch the full budget presentation and Council action at: www.youtube.com/@CityOfOakPark  
Access the full budget document at:  https://bit.ly/4uSMiRh