Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Monroe holds first public hearing on mid-biennial budget adjustment; council gives first reading to 2026 property tax ordinance
Summary
City staff outlined a package of revenue and expenditure changes to meet reserve targets and cover nondiscretionary costs; council held a public hearing, heard one public comment, and approved first reading of the 2026 property tax ordinance 6-0.
Monroe held a public hearing Oct. 28 on the mayor's recommended mid-biennial budget adjustment and the first reading of the 2026 property tax ordinance. Finance staff told the City Council the adjustment updates beginning fund balances, funds non-discretionary costs, and aims to meet the city's reserve policy.
Finance Director Julie Elson said the city's target reserve policy sets aside two months of operating expenditures and a separate contingency goal of 8 percent of general fund expenses. Based on updated 2024 actuals, Elson said the budgeted ending general fund balance would be about…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
