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Lebanon City presents 2026 budget proposal with no tax increase; revenues, fees and major costs highlighted
Summary
City staff proposed a $15.24 million general fund budget for fiscal 2026, maintaining the current 4.581-mill rate while projecting higher earned income and enabling-tax receipts, new rental-licensing and reinspection fees, a $200,000 transfer for Staver's Dam work and rising health and pension costs.
Lebanon City officials presented the proposed 2026 general fund budget in an initial public hearing, proposing total revenues of $15,235,353 and no increase to the current 4.581 mills. The city describes the proposal as the eleventh straight year with no tax increase.
The presentation, delivered by the city’s finance lead (name not specified), said assessed value totaled about $875 million in 2025 and rose roughly $4.36 million from September 2024 to September 2025; at current collection rates that change would increase real estate tax revenue by under $20,000, leaving the real estate tax line at $3,920,078 (about $2,049 less than the prior year). "For the owner of a property with an average assessed value of $104,636, they would pay to the city $479," the presenter said.
The draft budget…
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