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Ferron council adopts 2026–27 budget, certifies tax rate and approves year-end finance motions
Summary
The Ferron City Council adopted the final 2026–27 fiscal budget and the certified real and personal property tax rate, authorized the finance officer to balance year-end accounts and approved a fraud-risk assessment and an equipment-shed change order.
The Ferron City Council adopted its final fiscal-year 2026–27 budget and certified the real and personal property tax rate after a public hearing and subsequent motions during its regular meeting.
The council opened a public hearing on the budget and noted one change from the tentative draft: a newly closed CIB loan and grant that added a $2,500,000 line item to the final budget, the chair said. After brief public comment the council closed the hearing and returned to regular business.
The council then voted to allow the finance officer to “open and balance the budget after the close of the budget year” so state reports can be filed, a routine year‑end administrative motion the council approved by roll call. Council members also approved the municipal fraud risk assessment included in the meeting packet.
Later in the meeting the council approved a change order to reengineer and reinstall an equipment shed (additional fill and concrete) so the contractor can complete the project as bid. The council then adopted Resolution 2026‑6.10 to formally adopt the city’s 2026–27 fiscal budget and approved the certified tax rate the state supplied (the packet showed the tax‑rate calculation that yields roughly $77,000 in revenue at the proposed rate). Motions were made, seconded and carried on the record; the chair announced the motions carried following roll‑call votes.
The budget adoption authorizes the city to submit required year‑end reports to the state and to proceed with the capital work reflected in the adopted figures. The council’s direction to the finance officer is an administrative authorization, not a change to policy or tax law; the certified tax rate was the state‑provided figure the council approved as required by statute.
The council also approved payment of warrants at the meeting’s close and adjourned at 8:49 p.m.
What happens next: the finance officer will complete ledger adjustments and submit year‑end filings to the state; auditors are expected to review the city’s financials in the coming weeks.
