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Oskaloosa council adopts fiscal 2026 budget, amends 2025 figures and approves five-year CIP
Summary
The Oskaloosa City Council held public hearings and approved a fiscal year 2026 budget and tax levy, certified a 2025 budget amendment and adopted a five-year Capital Improvement Plan. Councilors discussed fund balances and state disclosures; hearings drew no public speakers and all measures passed by roll call.
The Oskaloosa City Council on April 20 adopted its fiscal year 2026 budget and tax levy, approved an amendment to the fiscal year 2025 budget and formally adopted a five-year Capital Improvement Plan (CIP) covering 2026 onward.
Why it matters: The council's budget and CIP set tax levies, capital priorities and funding allocations for public works, utilities and other city services for the coming year. The council also certified adjustments to the current year's revenue and expense estimates.
Key figures and changes City staff presented a fiscal year 2025 amendment that reduced total revenue to $46,814,011 (a decrease of $1,800,921) and set total expenses at $47,086,614 (a decrease of $1,510,900). The amendment increased the ending balance to $33,201,826, a change driven by project timing and receipt of reimbursements, donations and grants.
For fiscal year 2026, the council adopted a budget that sets total revenues at $41,899,571 and total expenses at $50,098,038, with an ending balance projected at $25,003,359 (a decrease of approximately $8.2 million from the prior year estimate). The adopted tax levy figure was included in the published resolution and certified as part of the budget-adoption process.
Council discussion and public hearings Each budget resolution was the subject of a public hearing; no members of the public spoke during those hearings. Council members thanked staff for detailed disclosures and explained line-item changes during roll-call votes. One councilor noted a prior meeting in which staff walked residents through property-tax disclosures.
Capital Improvement Plan and related hearings The council also adopted the city's five-year CIP, which had been the subject of a required public hearing under Iowa Code section 384.153. Staff noted that the CIP is subject to annual review and revision.
Votes and next steps All measures were approved by roll call at the April 20 meeting. Council members noted anticipated project timing changes, equipment purchases to be funded out of road-use and utility funds, and staff follow-up to address remaining questions about specific fund balances.
Ending City officials said they will continue to monitor project timing, grant reimbursements and revenue estimates and will report updates to the council as projects progress.
