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Davenport City presents proposed FY2027 budget, proposes small levy drop and warns state caps could strain services
Summary
City staff presented a structurally balanced FY2027 proposal that would lower the overall levy slightly to $16.58 per $1,000 taxable value and set the combined general fund levy at $8.20; officials emphasized a 25% unassigned reserve and warned a proposed state 2% cap and a suggested 10% reserve floor could squeeze local services and affect bond ratings.
Unidentified Presenter (Speaker 4) presented the city's proposed fiscal year 2027 budget, saying it is structurally balanced and continues current service levels while proposing a small reduction in the total property-tax levy. Speaker 4 said the combined general fund levy is proposed at $8.20 and the total levy would fall just shy of $16.58 per $1,000 taxable valuation, down from $16.61.
The presentation framed reserve policy as central to fiscal health. Speaker 4 said the city's unassigned operating general fund reserve sits at about 25% of…
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