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Council reviews FY2026 budget package: $135.9M plan, $31M bond cap, fund-balance use and staffing discussions
Summary
Staff presented a proposed FY2026 budget with $135,911,380 in projected revenues (an increase of about $30.6M tied largely to a proposed bond), proposed use of fund balance ($5M general fund; $4M nursing-home fund), capital priorities including Zephyr Park and a water meter replacement program, and council discussion on employee pay increases and adding positions like a parks director or city engineer.
City staff presented a detailed FY2026 budget workshop on Aug. 11, 2025, showing total projected revenues and expenditures at $135,911,380—roughly $30.6 million higher than last year, a change staff linked to the proposed bond financing and related capital projects.
Finance staff and the financial adviser walked the council through the major components: a bond package not to exceed $31,000,000 (the estimated financed amount for listed projects is about $27,700,000), an intended use of fund balance of…
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