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Universal City opens public hearing on FY 2026 budget and sets 2025 tax rate at $0.53
Summary
City staff presented the proposed FY 2026 budget, including a recommended $0.53 tax rate; council opened public comment, debated funding for the golf course and venue tax uses, and voted to place a separate venue-tax adjustment proposal on a future agenda.
Universal City on the evening of the council meeting opened a public hearing on the proposed fiscal year 2026 budget and moved forward a final tax-rate schedule that sets the citywide 2025 tax rate at $0.53 per $100 of valuation.
City finance staff presented the budget highlights to the council, saying proposed general fund revenues are about $20,532,029 with tax revenue accounting for about 78 percent of that total. The staff presentation said no new full-time positions are requested for FY 2026, the cost-of-living adjustment is included for existing staff, and health-care costs are expected to increase substantially. The presentation listed deferred projects (a space-needs assessment, Summit Park and skate-park planning) and reductions in other line items. The budget also shows an $800,000 balance remaining in the venue-tax fund pending council direction.
The budget presentation matters because the tax rate and departmental allocations determine whether essential public services…
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