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Council adopts FY2025–26 budget and raises property tax rate 10.57%
Summary
The city council approved the fiscal 2025–26 budget and adopted a 0.5387 per $100 property tax rate — a reported 10.57% increase — after a public hearing and a debate that included concerns about unresolved water-rate decisions and budgeted revenue assumptions.
On June 26 the City Council adopted Ordinance 1576 to approve the fiscal year 2025–26 municipal budget and later approved Ordinance 1577 to set the property tax rate at 0.5387 per $100 of assessed value, a change the council recorded as a 10.57% increase.
The budget document presented for adoption covers the fiscal year beginning Oct. 1, 2025, and ending Sept. 30, 2026. Staff told the council the proposed budget projects $194,446 more in total property-tax revenue than last year’s budget, described in the hearing as a 13.53% increase; the staff packet also states the revenue expected from new property…
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