Castle Valley council adopts interim FY2027 budget, schedules tax-rate hearing for August

The Castle Valley Town Council on Wednesday adopted an interim fiscal year 2027 budget and approved a property-tax impact schedule while deferring final action on the tax rate until a public hearing in August.

The council passed resolution 2026-6 to adopt an interim FY2027 budget. A councilmember who presented the measure said the budget is interim "until our public hearing in August" and emphasized that "we will not approve the tax rate until after that public hearing." The same meeting approved resolution 2026-5 adopting the property tax impact schedule, which reflected updated numbers that lowered the town's initial estimate by about $1,300 to leave room for new property valuations before exceeding the $75,000 threshold.

Why it matters: adopting an interim budget lets the town continue operations while giving residents a formal opportunity to comment on the tax increase before the council sets a final tax rate. Council members said updated valuation estimates informed the property-impact figures presented to voters and taxpayers.

What the council did: the two resolutions (2026-5 and 2026-6) were moved, seconded and approved on roll call. During discussion a councilmember thanked staff for clarifying the technical changes in the schedule.

Next steps: the council said it will hold a public hearing in August specifically on the tax increase; only after that hearing will the council set a final rate.

Meeting context: the action took place at the start of the June 17 meeting after a short public hearing on the interim budget; no members of the public offered substantive comment during that hearing.