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City presents five‑year budget forecast; council signals intent to keep property tax levies flat
Summary
Finance staff presented a five‑year forecast showing conservative revenue assumptions after the elimination of the residential rental sales tax and a planned drawdown of fund balance for capital; council members expressed consensus to keep both the primary and secondary property tax levies flat for fiscal 2026.
Budget staff walked the council through a five‑year forecast for Glendale’s major funds at the Jan. 28 workshop and sought council direction on the primary property tax levy.
Assistant Director Amy Lindsey and Budget Administrator Jonathan Hill described the schedule for the FY26 budget process and then presented revenue and expenditure assumptions. Staff said the city’s general fund remains dependent on local sales tax (about 49% of general fund revenues in the forecast) and on state shared revenues; they noted the elimination of the residential…
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