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City shows projected 2026 debt-service levy and sample tax-bill impact; garbage fee affects net homeowner cost
Summary
Finance staff presented the city’s 2026 debt-service schedule and an illustrative property-tax example for a typical home, showing a modest city-tax decline for the average home before considering the new garbage-and-recycling fee.
Finance staff reviewed the city’s debt-service levy and presented an illustrative impact on a sample homeowner to the finance committee on Oct. 16.
The city’s debt-service payments (principal and interest) total roughly the amounts shown in the executive budget charts; finance described a multi-year plan that aims to level debt-service levy increases after recent borrowing used for capital priorities such as…
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