Gray proposes $13.8 million budget for fiscal year 2026

Gray has proposed a budget of $13,796,772 for fiscal year 2026, marking a 2.94% increase from the previous year. The budget aims to support community projects while minimizing tax increases. The municipal tax requirement is set at $6,406,585, with a projected mil rate of $10.10 per $1,000 of property value, up $0.40 from last year. Public safety will see the largest funding increase of 19.1%, while capital expenditures have been significantly reduced. The budget process includes workshops and public hearings leading to a final vote on June 10.