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City presents preliminary FY26 budget: staff projects 4% sales-tax growth, flags new positions and major capital requests
Summary
City finance staff presented a preliminary FY2026 budget overview, projecting a 4% sales-tax increase, a sharp drop in use-tax receipts and a list of large capital spend requests including a proposed $5 million public-works operations building and renovations on Reeder Road sewer lift.
City finance staff opened the FY2026 budget process with a preliminary presentation that outlined projected revenues, a small increase in IT costs, large-spend requests and a slate of proposed new positions.
“Welcome to the most wonderful time of the year. It is budget time. Stay calm,” Sandy (staff member) told the finance and administration committee at the start of the presentation.
Sandy said staff are taking a conservative approach to revenue projections. The presentation projects a 4% increase in food-and-beverage and general sales tax receipts, mirroring last year's projection. Use-tax receipts are projected to decline by about 33% (a trend staff attributed to post-Wayfair changes in online sales taxation), while state income tax receipts tied to per-capita and corporate profit growth are estimated to rise roughly 9%.
Key revenue and budget details presented by staff: - Sales tax (general and food & beverage): projected +4% year…
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