DETROIT (WXYZ) — For the 11th straight year, the city of Detroit is set to see a budget surplus. Mayor Mike Duggan announced Monday a projected $60 million surplus for fiscal year 2024-2025, which wrapped up in June.

But he says as uncertainty looms federally, next fiscal year may see some shortfalls.

Duggan says currently, the preparation they're doing for any potential shortfall is a precaution, as the city works to learn if recent changes in federal law via President Donald Trump’s Big Beautiful Bill and tariffs will affect the state law relative to city income tax.

The city is crediting department heads for the surplus. Duggan says for fiscal year 2025-2026, there could be a $16 million budget hole.

The mayor and city's chief financial officer say since adopting the budget in April

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