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Clive Council previews FY2025–26 budget, keeps levy at $9.92 and schedules public meetings
Summary
City staff presented the FY2025–26 general fund and trust & agency budget on Feb. 27, proposing reserve drawdowns and fund shifts (including moving some IPERS expense to trust & agency) while keeping the overall levy at $9.92 per $1,000. Council set a property‑tax hearing and a public budget meeting as part of the adoption schedule.
City staff on Feb. 27 presented the second component of the proposed FY2025–26 budget, outlining strategies to use cash reserves, shift certain expenses into the trust & agency fund and preserve capital investments while keeping the city’s overall property‑tax rate at $9.92 per $1,000 of taxable value.
"This budget has been, passed a direction of the council as we've had some higher cash reserves than we've experienced before," Matt said, framing the proposal as an intentional drawdown to move reserves closer to the council’s target of about 30% of expenditures. Staff said one structural move in the package is transferring certain retirement (IPERS/IFRS)…
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