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Council sets Aug. 26 public hearings on revenue-neutral rate intent and 2026 budget; proposes 42.981 mills

5335863 · July 8, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

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…

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