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Council reviews truth-in-taxation steps as staff outlines options to close FY2026 shortfall
Summary
City Manager Goodwin walked the council through truth-in-taxation notice requirements and the city's property tax history; staff said the budget faces a roughly $90,000–$100,000 shortfall and presented options including a modest operating levy increase, reserve transfers, or fee adjustments.
City Manager Goodwin provided a detailed primer on the truth-in-taxation process and the city's property-tax history, asking the council to consider whether to schedule a public hearing and what level of additional revenue would be needed to balance the FY2026 budget.
Goodwin summarized statutory steps under SB 238 (as discussed at the meeting): notify the county auditor of intent before June 1, publish electronic and physical notices at least 14 days before the hearing, provide a public hearing…
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