South Bend remains financially stable, but city leaders say money is getting tighter.

Mayor James Mueller says the city ended 2025 with about $451 million in cash, down from last year after paying for projects like Four Winds Field renovations and a new City Hall. He says the city saved for the projects and expects them to pay off.

South Bend’s debt stands at about $300 million, or roughly $44,000 per household.

The city keeps a strong double-A bond rating. Mueller says falling property and income tax revenue, along with new state tax changes, could put more pressure on the budget this year, with larger effects possible in the future.