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Clive staff outline FY 2627 budget plan, propose insurance levy and recommend ending Station 22 agreement
Summary
City staff presented the proposed FY 2627 budget, including a new property and liability insurance fund funded by a proposed 1¢ levy, a trust & agency levy adjustment, and a recommendation to end Clive’s cost-share of Westside Station 22 in 2027 to reduce expenditures.
City officials on Feb. 26 presented the proposed fiscal 2627 budget and flagged revenue pressures tied to recent state property-tax reforms.
City Manager Matt opened the workshop by outlining the budget framework and the financial strategy from last year’s strategic planning, saying staff had modeled options to protect core services while reducing reserves. Finance staff proposed modest levy shifts that would move some costs out of the general fund and into earmarked funds.
Finance staff member Liz, who led the levy discussion, said the city’s trust and agency levy is projected to generate about $2.98 million and that staff recommends increasing that levy from $1.40 to $1.46, producing roughly $226,000 in additional revenue. "With the proposed $1.46 levy rate, we'll need to closely monitor this fund," Liz said, citing rising pension and insurance costs and a budgeted 5%…
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