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Lebanon budget committee approves FY 2025–26 spending plan, advances urban renewal payments
Summary
The Lebanon Budget Committee approved a $95.7 million fiscal year 2025–26 budget and recommended urban renewal tax authorizations, while keeping the $18 city services fee unchanged for the coming year.
The Lebanon Budget Committee on May 6 approved the city's proposed fiscal year 2025'26 budget and recommended one-year urban renewal tax levies, voting to forward the measures to the City Council for adoption.
The approved measure as read at the meeting set the proposed budget at $95,677,938 and included a property tax levy described in the motion as $5.01364 per $1,000 of assessed value and a $2,000,000 general obligation levy; the committee also voted to adopt the agency budgets and tax divisions for four urban renewal districts.
Committee chair and Finance Director Brandon presented the budget and…
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