The Park City Council adopted the 2026 city budget of $45,368,378 and approved a proposed mill levy of 42.902 mills during the Aug. 26 meeting after public hearings on the revenue neutral rate and the budget.

City staff told the council the proposed 42.902‑mill levy is 0.5 mills lower than last year’s final levy but still exceeds the calculated revenue neutral rate of 37.776 mills; because the proposed levy exceeds the revenue neutral rate the council first held a public hearing and then considered a resolution to exceed the revenue neutral rate as required by state law. The resolution to exceed the revenue neutral rate was read and approved by roll call; council later adopted the budget with the estimated mill levy as presented.

The staff report noted the city reduced its mill levy in previous budgets following voter‑approved 1% sales tax changes and that the 2026 levy is structured to be $250,213 lower than it would have been absent prior reductions. During the public hearing, two residents spoke: Nancy Bull, who described fixed income concerns and urged reductions rather than increases, and Kyle Lang, who praised city investments but urged a long‑term plan to reduce taxes once major projects are completed.

Councilmember Terry Osborne moved approval of the resolution to exceed the revenue neutral rate; the motion passed in a roll‑call vote. Later the council adopted the 2026 budget in the amount presented. Staff asked councilmembers to sign the certificate of adoption following the meeting.

The council kept the public hearing open during the revenue neutral resolution vote per staff guidance; no members of the public beyond those signed up spoke at the hearings. The adoption authorizes staff to publish required budget documentation and to proceed with the fiscal year 2026 program and capital plans identified in the budget documents.