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Lacey Council previews $224.6 million 2026 budget, approves property tax and stormwater rate changes
Summary
At a public hearing, Lacey staff presented a $224.6 million 2026 budget with a $92.1 million drop from 2025 driven by lower capital spending. Council unanimously approved a 1% ad valorem tax increase and a 4.5% stormwater rate increase and directed staff to return with final budget ordinance in December.
LACEY, Wash. — City staff on Tuesday presented a proposed $224,600,000 citywide budget for 2026 and outlined a range of cuts and priorities that leave the general fund at about $74.2 million while shifting much of the capital work into future years.
"This is about $224,600,000 being proposed. This is about $92,100,000 less than the amended 2025 budget," Troy Wu, the city's finance presenter, told the council, citing a large reduction in capital projects as the principal reason the overall budget is smaller next year.
The council approved two related measures that night. Council adopted Resolution 11-77 to authorize a 1% increase in the 2026 ad valorem tax levy and then adopted Ordinance 16-85 setting the 2026 general property tax levy at $9,524,254 and the voter‑approved GO bond levy at $364,000.…
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