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Council gives first reading to 2026 tax budget showing slight general-fund surplus
Summary
Council conducted the first reading of ordinance 4429-25, the 2026 tax budget, which projects general-fund revenue of $8,835,300 and estimated expenditures of $8,760,095, yielding an estimated surplus of $75,205; public hearing set for May 20.
The Urbana City Council gave the first reading on May 6 to ordinance 4429-25, the 2026 tax budget ordinance, and scheduled a public hearing for the next council meeting on May 20.
Carrie, a staff member, told council the 2026 tax budget estimates general-fund revenue at $8,835,300, a 3% increase over 2025 expected revenue, and estimated expenditures at $8,760,095, leaving an estimated surplus of $75,205. The tax budget establishes the revenue boundaries to guide the administration through the appropriation process later in the year.
Council members asked clarifying questions about expenditure categorizations; one asked about a line referencing "security of person's property" for fire and police payroll coverage, and staff said the terminology was intended to indicate coverage of personnel expenses. Carrie said she would follow up with precise wording if needed.
The ordinance had a motion and second to place it on the floor for discussion and completed its first reading; no final vote was taken. Public hearing and further council action are scheduled for May 20.
