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Decatur officials outline FY2026 budget timing, tax-rate options and senior exemption discussion
Summary
City staff reviewed the FY2026 budget calendar, explained truth-in-taxation concepts including no-new-revenue, voter-approval and de minimis rates, and flagged a possible increase to the 65-and-over/disabled property-tax exemption for council consideration.
The City of Decatur’s leadership opened Budget Day with an overview of the fiscal year 2026 calendar and the tax-rate choices that will shape the coming year’s property-tax levy. City Manager Nate told the council that staff will not have final property values until “the last week in July,” and that the council must begin deliberations now to meet the city’s September budget deadlines.
The presentation explained three commonly used measures under state law: the no-new-revenue rate (last year’s levy divided by the expected total value), the no-new-revenue maintenance-and-operations rate (last year’s levy minus last year’s debt, divided by current expected…
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