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Carson City keeps property tax rate at $3.57 as CFO flags tightening budget outlook
Summary
Carson City supervisors voted unanimously to direct staff to use a property tax rate of $3.57 per $100 of assessed value for the fiscal year 2025–26 budget after a presentation by Chief Financial Officer Sherry Russell Benebus that showed modest assessed-value growth but rising costs and revenue uncertainty from state tax distributions.
Sherry Russell Benebus, Carson City chief financial officer, told the Board of Supervisors on Feb. 19 that the city’s assessed value is rising more than previously estimated but that significant budget pressures and uncertain state sales-tax distributions counsel caution.
Russell Benebus said the city’s assessed valuation “is actually going up 2.6% instead of 1.6%,” and presented a multi-year projection showing limited capital capacity for FY 2026 without later budget changes. She warned of large employer-cost increases, including recent Public Employees’ Retirement System (PERS) rate jumps and higher health-insurance and workers’-compensation costs.
The discussion centered on whether to change the property tax rate used to prepare the tentative FY 2025–26 budget. Russell Benebus walked…
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