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Council directs staff to develop FY2027 budget under floating-mill option after legal and budget debate
Summary
Following a detailed presentation on recent state property-tax changes, the council directed staff to develop the FY2027 budget under the dollar-based/floating-mill approach (Option 4a) — a move projected to restore roughly 2.95% revenue authority (about $1.6M) compared with a potential cut under the alternate approach.
By a majority vote, the Billings City Council directed staff to develop the FY2027 budget under the floating-mill / dollar-based approach described in new state legislation, a direction staff and the budget committee said preserves revenue authority compared with a legislatively imposed alternative.
Staff outlined the statutory background: the state—loating-mill framework (15-10-420 and implementing sections) reduces the value of a mill in some jurisdictions and requires local taxing entities to select a transition path. The staff presentation explained…
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