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Norwalk City Council adopts $60 million FY2026 budget; tax rate unchanged
Summary
The Norwalk City Council approved the city's fiscal year 2026 budget after a required public hearing, keeping the property tax rate steady while approving multi-million dollar capital projects including a Central Iowa Water Works buy-in and a new water tower.
The Norwalk City Council on April 17 adopted the city's fiscal year 2026 budget after a final public hearing, keeping the city's tax rate unchanged while approving capital investments including a planned Central Iowa Water Works buy-in and a new water tower.
Jean (finance director) presented the budget at the public hearing required by state law, saying Norwalk's total assessed value is "a little over $1,880,000,000," taxable value is about $848,000,000, and the total all-funds budget is just under $60,000,000. She told the council the rollback percentage is about 47.3% to 47.4% and the city's tax rate will remain roughly $14.88 per $1,000 of assessed value for the coming year.
The council approved the resolution adopting the FY2026 budget by voice and roll call. The motion to approve the resolution was made by Council member Baker and seconded by Council member Cool. Roll-call votes recorded at the meeting were: Cool (yes), Livingston (yes), Meineke (yes), Baker (yes), Brown (yes). The motion carried.
Why it matters: Jean told the public…
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