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Commission presented with FY26 budget proposal that recommends 2% millage cut, draws on fund balance for capital
Summary
Budget staff proposed a FY26 spending plan that recommends lowering the millage rate to 8.9797 while using one-time fund balance for capital projects, leaving future capital funding more constrained.
City budget staff presented a proposed fiscal year 2026 budget on July 10 that recommends a 2% cut in the property tax rate and continued use of fund balance to pay for capital projects. Bob Anathin, the city's budget administrator, said the recommended rate is 8.9797. "We've recommended a 2% reduction in millage rate to 8.9797," Anathin said during the workshop.
The proposal relies on one-time reserves to cover a portion of next year's capital plan. Anathin told commissioners the city will use fund balance for capital and that, as presented, the budget anticipates using roughly $11…
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