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City manager presents balanced FY2026-27 budget; public hearing set for June 9
Summary
The city manager presented a recommended FY2026-27 budget described as balanced at about $11.37 million, proposed a property tax rate cut from $0.76 to $0.74 per $100 assessed value, a 2% cost-of-living adjustment for staff, and no utility rate increase; council set a public hearing for June 9, 2026.
The city manager presented the recommended FY2026-27 budget, describing it as a balanced proposal that prioritizes infrastructure, public safety, and employee compensation while holding utility rates flat.
The manager told council the recommended budget is balanced at about $11.37 million, with the general fund, a POW bill fund and an enterprise fund as primary components. The presentation proposed reducing the property tax rate from $0.76 to $0.74 per $100 of assessed value and appropriating $556,500 from fund balance to support one-time capital and nonrecurring items.
The recommended budget includes a proposed 2% cost-of-living adjustment for employees (excluding the manager), no proposed increase in water/wastewater rates for the coming year and a plan to maintain fund balances at desired levels. Capital and line-item priorities were developed following the March 28 budget retreat, the manager said.
Council moved to set a public hearing on the recommended FY2026-27 budget for June 9, 2026; the motion was seconded and carried.
