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Committee reviews FY2026 budget measures: tax rate, sewer charges and operating and capital ordinances
Summary
Committee reviewed a package of FY2026 budget ordinances including a new residential real-property tax rate, sewer service charge adjustments and the operating and capital budgets; several items will move to full council for final action.
The Administrative Finance Committee reviewed several ordinances on June 10 related to the fiscal year 2026 operating and capital budgets, tax rates and sewer charges.
A substitute to the annual revenue ordinance (Ordinance 25-048) was presented; Councilman Smiley summarized proposed property tax rates following reassessment: a residential real-property tax rate of 15.75 cents per $100 of assessed value and a non-residential rate of 23.8 cents. Smiley…
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