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Board approves FY26 operating budget and new tax rates; motor vehicle mill rate set at 22.0
3209949 · May 5, 2025
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Summary
The BET approved the $450.47 million FY26 operating budget and adopted new mill rates including a motor vehicle rate set at 22 to comply with state law and a business personal property rate change.
The Board of Estimate and Taxation on May 5 approved the city’s FY2026 operating budget and associated tax rates after a staff presentation summarizing totals and mill rates.
Tom (city finance staff) said the adopted operating budget totals $450,471,977. He explained a state legislative change requires the motor…
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