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City staff explain FY2026 budget trade‑offs after tax‑rate publication issue; council weighs raising rate to regain $215,000
Summary
City finance staff told council Aug. 21 that a correction to the certified roll and the published tax notice required reworking the FY2026 draft budget; keeping the previously published 0.6999 tax rate at final adoption would restore roughly $215,000 to the general fund versus the conservative 0.6975 rate staff prepared for.
City finance staff reviewed the proposed fiscal year 2026 general fund budget, the recently published tax notice and the impact of a corrected certified roll at a council workshop Aug. 21.
Staff explained the council previously adopted a cap and published a notice based on one calculation; after receiving the certified appraisal roll staff discovered a calculation/publication inconsistency. To avoid exceeding the published levy, staff initially adjusted the proposed rate down to 0.6975 per $100 valuation; doing so requires removing roughly $215,000 from the draft general‑fund spending plan. Finance staff said the council’s prior vote from Aug. 7 capped the rate at about 0.6999, and an attorney’s interpretation may allow the council to rely on the adopted rate rather than the published dollar amount; staff took the conservative path and prepared a budget that reflects the lower 0.6975 rate.
City budget staff…
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