Government
Budget Forecast: State Legislation Will Have Big Impact on Watertown’s FY27 City Budget
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For several years, Watertown’s City has operated comfortably on a budget built on the 2.5 percent property tax increase allowed by the State and the added tax revenue from new developments. A mixture of economic uncertainty and the unknown of whether the State Legislature will approve Watertown’s tax relief request means residents could face a major tax increase next year. City Manager George Proakis presented the Preliminary Fiscal Year 2027 Budget to the City Council on Monday night, which has total forecast expenditures of $226.2 million and includes a shortfall of at least $3.6 million. He also told the Council that his aim is to “maintain options and flexibility” in the City’s budget. He stressed the budget figure is an estimate, adding that the numbers are based on the approval of the Home Rule Petition submitted by Watertown to the Legislature.







