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Waverly council reviews FY2027 budget; staff projects modest net increase and outlines hearing dates
Summary
At a March 23 study session the City of Waverly reviewed final FY2027 numbers: staff reported a net citywide spending increase of roughly $67,000 and presented a tentative property-tax levy of 17.53876. Council set steps for a public hearing in April and discussed state-driven levy changes that will reduce local revenue in fiscal 2029.
At a March 23 study session, the City Council of the City of Waverly reviewed final figures for the proposed fiscal year 2027 budget and scheduled the next steps in the public hearing process.
Val, a city finance staff member, told the council that insurance numbers came in lower than expected and that the staff is presenting a final property-tax levy figure of 17.53876. "That is the amount that went up the entire budget, $67,000," Val said, summarizing the city's net increase in spending for the coming year.
Why this matters: councilors and staff emphasized that individual property owners' tax bills depend on both…
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