City Budget Director Annette Guzman is pictured at a press conference on April 1, 2025. [Don Vincent/The Daily Line]

Alderpeople at a budget committee hearing Monday heard updates on the status of new revenue tools and cost-saving and efficiency initiatives included in the 2026 city budget. They also learned that the firm that issued a report recommending various cost-saving and revenue-generating measures has been retained to implement many of the report’s policies.