logo
Mayor Scott passes Baltimore City fiscal year 2026 budget

Mayor Scott passes Baltimore City fiscal year 2026 budget

CBS News4 days ago

Baltimore City Mayor Brandon Scott signed the city's fiscal year 2026 budget Monday, the mayor's office announced.
The city said that for every dollar of revenue generation, the budget includes $2 of savings.
The budget includes $31.4 million to generate citywide savings, $13 million in savings for individual agency budgets without disruptions to city services, and $2 million in funding for the Mayor's Office of Immigrant Affairs.
What's in the budget?
$216.4 million in federal grants is included in the FY2026 budget.
Investments in youth programs
The city is allocating $634.4 million to youth programs.
The YouthWorks program will be receiving funding to support 8,500 YouthWorks positions for the upcoming summer. Additional funding for the program is available through partnership with the Baltimore Children and Youth Fund.
Operating costs for three new recreation centers at Chick Webb, Parkview, and Gardenville are also covered in the budget.
The budget also includes $600,000 in recurring funding for programming at the city's recreation centers.
The B'more for Healthy Babies program will receive $1 million to provide services to more than 10,000 families annually.
Addressing public safety
$1.2 billion in funding will help address public safety.
The city will invest in the Group Violence Reduction Strategy, which Mayor Scott has credited with aiding the city in reaching historic drops in gun violence. The city said it plans to expand the program citywide.
Another goal of the budget is to reassign administrative tasks from sworn police officers to civilian roles. The city says doing this will yield $1.1 million in net savings.
An additional $1 million will go toward citywide traffic safety projects.
Neighborhood development
Baltimore City will invest $1.1 billion into making neighborhoods clean and healthy.
$5 million will be allocated to enhancing recycling and trash collection within the Department of Public Works.
$29.6 million from the opioid restitution fund will be used to combat the impacts of the opioid epidemic. The funding will be used to expand opioid response efforts within the health department, fund community organizations, and enhance EMS and homeless shelter operations.
$349.6 million will be allocated to equitable neighborhood development, including the Bmore Fast Initiative, which aims to improve the city's permitting process, the Vacants Initiative, and the city's new Mayor's Office of Art, Culture, and Entertainment.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Jim Cramer on NVIDIA Stock: 'I Don't See It Tripling From Here'
Jim Cramer on NVIDIA Stock: 'I Don't See It Tripling From Here'

Yahoo

time22 minutes ago

  • Yahoo

Jim Cramer on NVIDIA Stock: 'I Don't See It Tripling From Here'

NVIDIA Corporation (NASDAQ:NVDA) is one of the 11 stocks Jim Cramer put under the microscope recently. The company was mentioned during the episode, and here's what Mad Money's host had to say: 'If the semis became like the oils in 1980, then tech would… account for about 60% of the S&P 500. I think that's unrealistic… I just think we gotta curb our enthusiasm a little bit, and everyone knows I love the sector. It's hard to accept that a stock like NVIDIA, currently the largest company in the world, could double or even triple if Reitzes' (Ben Reitzes, Managing Director and Head of Technology Research at Melius Research) bullish forecast comes to life. A close-up of a colorful high-end graphics card being plugged in to a gaming computer. NVIDIA (NASDAQ:NVDA) develops advanced computing, graphics, and networking technologies. The company provides a wide range of products and software that support data centers, AI, robotics, gaming, virtual computing, and automotive systems, including cloud services and digital twin applications tailored for enterprise AI use. While we acknowledge the potential of NVDA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None.

Jim Cramer Calls AMD a 'Semi-Meaningful Competitor' to NVIDIA
Jim Cramer Calls AMD a 'Semi-Meaningful Competitor' to NVIDIA

Yahoo

time22 minutes ago

  • Yahoo

Jim Cramer Calls AMD a 'Semi-Meaningful Competitor' to NVIDIA

Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the 13 stocks Jim Cramer recently shed light on. During the episode, Cramer called the stock a 'semi-meaningful competitor' to NVIDIA. He said: 'Lately though, we've been seeing AMD, their only semi-meaningful competitor; stock's up like 40 straight points, win[s] a lot of business. Same with Cisco, Arm Holdings. Marvell Tech. Broadcom plays a huge role in these. Vertiv makes power and cooling equipment for the data center. A close up of a complex looking PCB board with several intergrated semiconductor parts. Advanced Micro Devices (NASDAQ:AMD) designs and sells a wide range of semiconductor products, including AI accelerators, microprocessors, GPUs, FPGAs, and adaptive SoCs for applications in computing, graphics, gaming, and data centers. While we acknowledge the potential of AMD as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Jim Cramer Says Applied Digital is a 'Very Good Spec'
Jim Cramer Says Applied Digital is a 'Very Good Spec'

Yahoo

time25 minutes ago

  • Yahoo

Jim Cramer Says Applied Digital is a 'Very Good Spec'

Applied Digital Corporation (NASDAQ:APLD) is one of the 11 stocks Jim Cramer put under the microscope recently. A caller asked for Cramer's thoughts on the company, and in response, he said: 'Okay, this is high-performance computing infrastructure, and high-performance computing is on fire. That company doesn't make any money, but I think it's a very good spec.' An overhead view of a large-scale data center with rows of servers and blinking lights. Applied Digital (NASDAQ:APLD) develops and operates digital infrastructure. The company delivers cloud services and high-performance computing tailored to sectors including artificial intelligence, machine learning, and cryptocurrency mining. It is worth noting that in April, when Cramer was asked about the company, he said: 'I know the company, and it's the kind of thing, we have so many of these digital infrastructure plays. I actually just prefer if you're going to go there, just go buy Salesforce. I'm not kidding. Go buy CRM, I would feel better that way.' While we acknowledge the potential of APLD as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store