Coos Bay Budget Committee approves proposed FY2025–26 budget, permanent tax rate and GO bonded debt to forward to council

At the close of its meeting the City of Coos Bay Budget Committee completed the required motions for the proposed fiscal year 2025–26 budget and forwarded the package to the City Council for adoption.

The committee voted on three required items: imposing the city's maximum permanent tax rate, authorizing the general obligation bonded debt levy, and approving the proposed budget to be forwarded to council. A committee member moved to "approve imposing the city's maximum permanent tax rate of $6.63643 per thousand dollar taxable assessed value for fiscal year 2025–26," which was seconded and passed by voice vote. Another motion to "approve imposing general obligation bonded debt in the amount of $493,000" was made, seconded, and passed. Finally, the committee voted to approve the proposed budget for fiscal year 2025–26 and forward it to the City Council for adoption at the June 17 meeting; that motion carried on a voice vote.

The nut graf: these formal motions complete the Budget Committee's advisory role and send the proposed appropriation package, including the previously discussed redlines and reallocations, to the City Council for final adoption.

Committee members used voice votes for all three motions; the transcript records motions, seconds and the chair calling for ayes and nays. No roll‑call tallies were recorded in the transcript for these items. Staff will publish the required notices and forward final materials to council ahead of the June 17 meeting.

Ending: With the motions carried, the proposed FY2025–26 budget and associated tax and debt actions advance to the City Council for adoption.