Council adopts FY 2025–26 budget and levies taxes; supplemental and urban renewal budgets also approved

At a series of public hearings on June 10, the Lebanon City Council adopted the city budget for fiscal year 2025–26, levied property taxes and approved related resolutions covering supplemental budget needs and urban renewal appropriations.

Finance Director Brandon Neish presented the budget package. The adopted city expenditure budget totaled $66,738,962. Neish said the adopted budget increased expenditures slightly over the prior year and includes routine items, debt service for existing general obligation bonds, and allocations for city programs.

Council held public hearings and passed the following actions by resolution: a supplemental budget authorization to move grant receipts and storm drainage roll‑forward amounts into the current year; certification to receive state revenue sharing and marijuana tax distributions; adoption of the FY25–26 city budget (Resolution 9, 2025); levying property taxes for the city budget and debt service (Resolution 10, 2025); adopting the Lebanon Urban Renewal Agency budget and levying the agency’s increment (Resolutions 11–12, 2025); and approving a transfer of appropriations for the FY24–25 closeout (Resolution 13, 2025).

Neish noted a small clerical inconsistency in one resolution table (debt service line) that staff confirmed does not change the appropriation language; staff said the textual levy amounts were the operative numbers.

Ending

All budget and levy resolutions before council passed during the meeting; staff will implement the adopted budget beginning July 1 and execute follow‑up accounting transfers as authorized.