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Lakeway manager outlines FY2026 budget priorities: $21.3M proposed expenditures, COLA/merit plan and capital asks
Summary
City Manager and Finance Director presented a FY2026 preview showing proposed expenditures of about $21.3 million, a recommended 4.2% salary pool split as 2% COLA and 2.2% merit, capital reserve asks, parks bond spending, and a schedule for tax-rate hearings and adoption.
Lakeway — City Manager Joseph and Finance Director Aaron presented a preview of the proposed fiscal year 2026 budget to the City Council July 21, outlining departmental requests, capital priorities and a recommended salary pool.
Expenditures and personnel: staff presented proposed general fund expenditures of roughly $21.3 million for FY2026, compared with a $20.6 million budgeted baseline for the current year. The proposal includes a $521,000 personnel pool representing a combined cost-of-living and merit recommendation (illustrated as…
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