Council sets Aug. 26 public hearings on revenue-neutral rate intent and 2026 budget; proposes 42.981 mills
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Summary
City staff proposed mills for 2026 at 42.981 and asked the council to set public hearings on Aug. 26 for both the revenue-neutral rate intent and the 2026 annual budget; council approved notices and public hearings unanimously.
Finance staff presented the city's intent to exceed the revenue-neutral rate for 2026 and asked the council to set public hearings. The presentation said the city's certified mill rate for 2025 was 23.805, the revenue-neutral rate for 2026 would be 40.845 mills, and the city is proposing a mill levy of 42.981 for 2026.
Staff explained the 42.981 figure would return the city to the mill levy that was certified in 2024, noting an inadvertent higher certified rate in 2025. The council voted to adopt a resolution setting a public hearing on Aug. 26, 2025, at 7 p.m. at Andover City Hall to receive testimony on the intent to levy a property tax exceeding the revenue-neutral rate, and to set the public hearing for the 2026 annual budget on the same date. Both motions carried unanimously (5-0).
No final tax rate or budget was adopted at the meeting; the items were notices to set hearings. The final budget and mill levy remain subject to a public hearing and later council action.