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Finance presents FY2027 tax and utility proposals; council weighs using one‑time funds to lower levy
Summary
Finance staff recommended modest tax and utility adjustments and reported a $93,722 reduction in the 5 Flags subsidy after updated management projections; council discussed whether one‑time internal TIF repayments or reserves should reduce the levy and asked staff for detailed scenarios before the final hearing.
DUBUQUE, Iowa — The finance department presented the city’s recommended FY2027 budget April 15, outlining proposed utility fee increases, updated projections for the 5 Flags subsidy and a proposed legislative-anticipation reserve as lawmakers consider property tax reform.
Jennifer Larson, chief financial officer, said the FY27 recommended property-tax support equates to roughly $11.20 to the average homeowner in the city’s initial recommendation. The budget included proposed utility fee changes: a 3% water increase and proposed 9% increases to sanitary sewer, refuse and stormwater; staff presented a $6.77 average monthly…
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