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Council gets proposed 2026 budget showing $1.69M gap; staff recommends 1‑mill increase and limited fund‑balance use; monitor purchase tabled
Summary
Finance presented a proposed 2026 operating budget showing a refined $1.692 million gap; staff proposed a 1‑mill tax increase and limited fund‑balance use to cover a one‑time pension increase, and council requested more detail on revenue assumptions and positions.
Finance staff presented a proposed 2026 operating budget on Nov. 5 that reduces a previously reported gap of roughly $3.3 million to $1.692 million through expenditure reductions and refined revenue projections. The presentation identified pension obligation increases ($790,000) as a primary driver; personnel costs and health insurance were additional pressure points. Personnel represents roughly 60–75% of the operating budget in the municipality’s accounting, staff said.
To close the remaining gap staff recommended a mix of…
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