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Monona projects 3.16% levy increase as debt service drives most of 2026 budget change
Summary
Finance staff told the Committee of the Whole the proposed 2026 operating levy is $12,488,401.50, a $443,563 (3.16%) rise largely caused by debt service; the tax rate falls from 6.58 to 6.25 while department guidance targeted 3% operating increases.
Mark, the city finance director, opened the Committee of the Whole’s review of the 2026 operating budget with a high‑level summary of tax and spending changes. He said the overall property tax levy in the proposed budget is $12,488,401.50 and that the overall increase is $443,563, or 3.16%. “Majority of that is related to debt service,” he said, adding that the municipal tax rate would drop from 6.58 to 6.25 even as levy dollars increase.
The nut of the budget, Mark said, is…
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