Budget & Financials

Budget Transparency Tool

Explore the City's online budget transparency tool and, check out the Checkbook function that will allow you to see the City's expenditures by vendor and department in real time and"Stories" for updates on important projects and the strategic plan progress.

FY26 Budget Calendar

November 4, 2024	Budget Kickoff Meeting
December 13, 2024	Department Budgets submitted to Finance
January 10, 2025	City Manager Reviews Budget with Department Directors
January 21, 2025	Joint City Council/School Board meeting
February 4, 2025	City Manager presents FY 2026 Budget overview to Finance Committee
February 19, 2025	City Manager reviews selected budgets with Public Health and Safety Committee
February 27, 2025	City Manager reviews selected budgets with Planning and Economic Development Committee
March 4, 2025	City Manager presents FY 2026 Proposed Budget Options
March 11, 2025	Winchester Public Schools Budget Presentation to Council; FY 2026 Budget Options and Real Estate Tax Rate Ordinance to Council Work session
March 25, 2025	City Manager presents FY 2026 Proposed Budget and First Reading of Real Estate Tax Rate Ordinance
March 31, 2025	Tax Rate Ad Published
April 1, 2025	City Manager presents FY 2026 Budget Options to Finance Committee
April 8, 2025	City Manager presents FY 2026 Budget Options to Council; Public Hearing, Second Reading, and Adoption of the Real Estate Tax Rate Ordinance
April 22, 2025	FY 2026 City Manager Proposed Budget Presentation and First Reading of the Proposed FY 2026 Budget Ordinance
May 5, 2025	FY 2026 Budget Ad Published
May 13, 2025	Public Hearing, Second Reading, and Adoption of FY 2026 Proposed Budget Ordinance

Annual Comprehensive Financial Report

The City has received the Certificate of Achievement for Excellence in Financial Reporting by the Government Finance Officers Association of the United States and Canada for its report for 32 consecutive years (2023).

(PDF, 8MB)

FY24 Annual Comprehensive Financial Report(PDF, 8MB)

Prior Years Annual Comprehensive Reports

Budget In Brief

An easy-to-read resident's guide to the City's Fiscal Year 2025 annual budget.

(PDF, 1MB)

FY25 Budget in Brief(PDF, 1MB)

Budget Document

FY25 ADOPTED BUDGET.png

Interactive Adopted FY25 Budget

FY25 Approved Budget PDF(PDF, 32MB)

FY25 Capital Improvement Plan Budget PDF(PDF, 33MB)

Prior Years Adopted Budgets

Bond Rating

In 2013, the City achieved the highest bond rating possible (AAA) by Standard & Poor's Rating Service. A bond rating represents an unbiased assessment of the credit worthiness of an entity's debt obligation in the public financial market. The higher the rating, the stronger the borrowing power and the lower the interest rates will be for capital projects funding.

The City's AAA rating was reaffirmed in 2014, 2017, 2019, 2020, 2021, and 2024.

FY25 Budget Calendar

February 6, 2024 – The City Manager shares an FY25 Budget Update and Preparation with the Finance Committee (Agenda) (Recording)
February 21, 2024 – The City Manager reviews selected budgets with the Public Health and Safety Committee (Agenda) (Recording)
February 29, 2024 – The City Manager reviews selected budgets with the Planning and Economic Development Committee (Agenda) (Recording)
March 5, 2024 – The City Manager reviews selected budgets with the Finance Committee (Agenda) (Recording)
March 12, 2024 – City Manager reviews FY 2025 Budget Options for Council feedback (Agenda) (Recording)
March 19, 2024 – Five-Year Capital Improvement Plan presented to Planning Commission (Agenda) (Recordings)
March 23, 2024 – Not to Exceed Tax Rate Ad Published
March 26, 2024 – Winchester Public Schools Budget Presentation to Council for Council feedback (Agenda) (Recordings)
April 2, 2024 – City Manager reviews FY 2025 Budget Options with Finance Committee (Agenda) (Recordings)
April 9, 2024 – City Manager presents FY 2025 Budget Options (Agenda) (Recordings)
April 23, 2024 – City Manager presents FY 2025 Proposed Budget Options; Adoption of Real Estate Tax Rate Ordinance (Agenda) (Recordings)
May 14, 2024 – City Council First Reading of the FY 2025 Budget Ordinance and Meals Tax Ordinance (Agenda) (Recordings)
May 28, 2024 – Public Hearing, Second Reading, and City Council Vote on FY 2025 Budget Ordinance and Meals Tax Ordinance (Agenda) (Recordings)