Council Reviews Three Tax‑Rate Scenarios as Budget Cuts Meet Growing Service Pressures
Finance presented three property‑tax scenarios for FY2025–26; council focused on staffing and public‑safety pay parity concerns and asked staff for additional modeling ahead of the Sept. 11 adoption.
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Finance staff presented updated FY2025–26 budget projections and three tax‑rate scenarios: the 2024 adopted rate (0.4272), a voter‑approval variant without the unused increment (0.4488), and the higher ceiling previously proposed (0.4613). The presentation showed estimated FY26 general‑fund revenues and expenditures under each scenario, multiyear fund‑balance projections based on hiring assumptions and a schedule of positions added in later years, and reminded council of the calendar (public hearing and Sept. 11 adoption).
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