Smyrna council adopts FY27 budget with no tax increase; sets temporary revenue-neutral rate

The Smyrna Town Council on its June meeting unanimously adopted the town’s fiscal year 2027 budget, approving a spending plan that includes no tax increase, no new debt and $28 million for infrastructure projects.

Sierra, the town’s finance representative, summarized the plan during the public hearing, telling the council there will be “no tax increase, no new debt,” and that the town’s pension is fully funded. During public comment resident Dan Bright asked that the proposed tax rate be read aloud; staff stated the revenue-neutral rate at 0.5257. Council members said they plan a special meeting to adopt a certified rate after the state property tax assessor completes reappraisal calculations required by the state board of equalization.

The council’s adoption of the budget followed the town’s regular review cycle and several workshop presentations earlier in the month. Council members emphasized that the budget includes a 2.5% market adjustment to the town pay ranges, to be reflected in staff salaries, and that the infrastructure allocation is intended to continue multi-year capital work already in progress.

Because the state’s reappraisal process is ongoing, the council did not finalize the property-tax rate beyond adopting the current revenue-neutral rate; staff will return with the certified rate for formal adoption at a called meeting before the July 1 statutory deadline.

The budget vote and property-rate actions were taken by roll call during the meeting after no speakers came forward during the public hearings. The council’s next fiscal steps include monitoring modest forecast shortfalls in state-shared revenues and sales-tax receipts that staff said are manageable within reserves and the adopted plan.