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Coralville staff brief council on FY2027 budget priorities; council requests follow-up on unused LOST funds
Summary
Deputy City Administrator Ellen Habel said staff is tracking property tax legislation and exploring transit funding options for FY2027; the council asked staff to return with a discussion on how to use any LOST funds that are not needed for the recreation center project.
Deputy City Administrator Ellen Habel updated the Coralville City Council on early Fiscal Year 2027 budget considerations, saying staff continues to monitor pending property tax legislation and is reviewing transit funding options.
Habel said lost (Local Option Sales Tax) revenues tied to the recreation center project could leave funds available for other uses and that the council requested a future agenda item to discuss options for any LOST funds not required for the project. No vote or formal direction was recorded during the work session.
Finance Director Ann Hester left the meeting during the budget discussion. The council did not adopt budget decisions at the work session; staff indicated further discussion and analysis will follow as legislation and revenue projections become clearer.
