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Clayton council adopts FY26 budget, raises utilities and property tax rate
Summary
The Clayton Town Council approved the fiscal year 2026 budget and a revised fee schedule that increases the property tax rate and utility rates to cover rising costs and new debt service.
The Clayton Town Council adopted the fiscal year 2026 budget and a comprehensive fee schedule on unanimous votes, approving higher utility rates and a property tax rate above the revenue-neutral level.
The budget measure, passed as ordinance 2025-06-04, includes a recommended property tax rate of $0.49 per $100 valuation, noted in the presentation as 4¢ above the town's revenue neutral rate, and utility rate increases: a combined 10.2% water and sewer increase (6% water; 12.5% sewer) and a 2% electric increase. Todd, the town's finance/budget staff member, told the council that "we have big debt coming on for the Sam's branch. Debt service comes due for the first time in fiscal year 26. It's about a $10,000,000 increase in our…
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