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Sunnyvale council proposes de minimis tax rate, sets public hearings and budget adoption dates
Summary
Council proposed a de minimis tax rate of 0.5064 per $100 of assessed value (maintenance rate 0.357261; debt rate 0.14918), approved staff’s recommended schedule for public hearings and set Sept. 15 as the date to adopt the FY2026 budget and tax rate.
The Sunnyvale Town Council on Aug. 11 voted to propose a maximum property tax rate not to exceed the de minimis rate of 0.5064 per $100 of assessed value (maintenance and operations 0.357261; debt 0.14918) and set public‑hearing and adoption dates for the fiscal year 2026 budget.
Finance Director Mikaela (presentation) outlined the budget totals and schedule before the council. The consolidated governmental budget is approximately $58.4 million with a general fund of about $16 million; enterprise funds total roughly $28.8 million. Staff said the proposed budget assumes an 8.5% water and sewer rate increase tied to wholesale supply cost increases and reflects capital spending and debt issuance the council discussed during the retreat.
Council approved staff’s recommendation to…
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