Marysville sets 17.11-mill rate, adopts 2026–27 budget and utility increases

The Marysville City Council on May 11 closed a public hearing and set the city’s general fund operating millage at 17.11 mills for fiscal year 2026–27, then adopted the city’s 2026–27 budget and a utility rate schedule.

Assistant City Manager and Finance Director Michael Booth told the council the city’s taxable value is $522,859,448 — about a 6.2% rise from the prior year — and that property tax revenue accounts for roughly 70% of general fund revenue. Booth said the city’s operating revenue from the 17.11 mills represents about 37% of total property-related revenue. He summarized the full proposed budget at $26,130,727, with the general fund comprising $13,586,038; public safety is the largest single general-fund expenditure at about $6,688,332.

Booth also described changes to retiree benefits funding and pensions, noting the city’s general pension funded ratio rose to 63.5% in 2025 from 60.8% in 2024 and police/fire retirement funding rose to 58.8% from 56.8%. The budget includes a $250,000 contribution to the retiree health care fund.

On utilities, Booth said the council was being asked to adopt a 2% increase to water and sewer rates and a 7% increase to refuse service to support about $3.8 million in proposed utility capital spending and contract costs. “The 2% for the water and sewer will help cover some of that $3,800,000 in capital that we're proposing,” he said.

Following the presentation, Councilmember Dunne moved to adopt the utility rate resolution and the general appropriations items A–Q for 2026–27. The motions passed on unanimous roll-call votes. The public hearing record was closed and the millage was set at 17.11 mills.

The adopted budget materials, Booth said, will be posted online for resident review. The council also approved routine consent items and payroll during the same meeting.