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Staff recommends voter-approval tax rate; council to set public hearings Aug. 19
Summary
City staff recommended the voter-approval property tax rate for fiscal 2026 and asked council for feedback on using an unused prior-year increment for streets; council will set public hearings and vote on a proposed rate in August/September.
City staff recommended that the council program the voter-approval tax rate for the fiscal 2026 budget and invited council feedback on whether to use a one-year unused prior-year increment to fund street work. Finance staff presented three rate options — the no-new-revenue rate, the voter-approval rate and the voter-approval rate plus an unused increment — and walked council through estimated revenue and homeowner impacts.
The recommendation came at a council workshop where staff said the voter-approval rate (the middle option presented) would be the basis of the proposed budget unless council directs otherwise. “Your voter approval rate is…
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