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El Dorado approves 2026 budget, levies property tax above revenue-neutral rate
Summary
The El Dorado City Commission on Sept. 15 adopted the 2026 budget and approved a property tax rate above the revenue‑neutral rate, a change city staff said will generate about $384,000 in new annual property‑tax revenue to help cover rising personnel and capital costs.
The El Dorado City Commission on Sept. 15 adopted the city’s 2026 budget and approved a property tax rate that exceeds the state’s revenue-neutral calculation.
City staff said the 2026 mill levy proposal is 58.71 mills, compared with the revenue-neutral rate of 55.669 mills and the current levy of 58.417 mills; the difference between the revenue-neutral rate and the proposed levy represents about $384,000 in new annual property tax revenue. The commission voted to adopt the budget following a public hearing and roll call on the levy resolution.
The city presented the budget as a package of public safety and infrastructure spending and personnel changes. A staff presentation said the mill‑levy revenue will help fund…
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