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Council reviews tentative FY2025–26 budget; public hearing kept open pending packet changes
Summary
Staff presented a high‑level tentative FY2025–26 budget showing modest new‑growth property tax revenue, higher sales tax projections, decreases in franchise gas revenue tied to energy billing changes, and planned transfers to capital projects; the council left the public hearing open so residents and council members can review revised figures before a final vote next week.
City finance staff presented a high‑level overview of the tentative FY2025–26 budget during the June 5 meeting and the council left the public hearing open so members of the public and the council can review updates to figures that arrived after the initial packet was posted.
Christian (city staff) summarized the revenue picture: an initially budgeted increase in property tax revenue tied to new growth, a projected $163,000 increase in sales tax compared with the prior budget, and a $200,000 decline in franchise gas tax revenue attributed to a mild winter…
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