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Council reviews FY26 budget preview and debates adopting a local 1% grocery tax
Summary
City staff walked the council through FY26 budget highlights, projected reserves and pension risks while councilmembers debated whether to adopt a local 1% grocery tax to replace a repealed state levy (estimated local revenue loss $360k–$500k); no ordinance was adopted and discussion will continue.
City finance staff presented a preliminary FY26 budget review showing a projected general fund fund balance of about $14.6 million and an undesignated surplus (after designations) of roughly $6.8 million, but they flagged longer-term liabilities — notably a police pension that staff said is about 57% funded — as a major fiscal risk.
Joanie, a member of the finance team, led the review of special funds, capital projects and the general fund process, noting the budget is preliminary and will change as enterprise and internal service funds are finalized. Staff pointed to revenues the city cannot control (assessed value, state distributions) and explained the…
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