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Finance Committee hears FY26 budget options; staff outlines personnel, vehicle and software cost pressures
Summary
City staff presented a budget update on the FY26 79¢ tax-rate option and a FY25 finance report. Highlights included staff estimates for vehicle and software cost inflation, FTE and COLA cost figures, insurance and benefits details, and revenue trends for sales, meals and business-license receipts.
City finance staff briefed the Finance Committee on options for the FY26 budget, including a 79¢ tax-rate scenario the committee requested, and provided the FY25 finance report on current-year revenues and expenditures.
Mary and Celeste (city staff) told the committee they are still revising the 79¢ scenario and expect to return a detailed budget at the next council meeting. Staff presented example cost pressures for capital and operating items: a historical escalation of roughly 10% per year for police interceptor vehicles (not including outfitting) and a range of about 10–30% for software-as-a-service contracts, depending on the product. Staff cautioned that construction-material costs vary by…
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