Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Municipal Budget topic
No spam. Unsubscribe anytime.
Owosso Council Adopts FY2026–27 Budget, Sets Total Millage at 16.2288
Summary
The Owosso City Council adopted the General Appropriations Act (Resolution No. 70-2026) on May 18, approving the FY2026–27 budget, setting a total property tax levy of 16.2288 mills, and specifying roles and fiscal controls.
Get email alerts on the Municipal Budget topic
No spam. Unsubscribe anytime.
The Owosso City Council on May 18 adopted the Fiscal Year 2026–2027 General Appropriations Act (Resolution No. 70‑2026), approving appropriations across funds and setting the city’s millage rates at a combined 16.2288 mills.
The resolution, adopted after a public hearing at which no citizens spoke, lists appropriations across the general fund and numerous enterprise and special funds. Notable line items in the record include General Fund total appropriations of $12,287,433 and Water Fund appropriations and capital outlays totaling over $20 million in authorized expenditures. The resolution also designates the City Manager as Chief Administrative Officer and the Finance Director as Fiscal Officer and requires monthly fiscal reports comparing year-to-date revenues and expenditures to budgeted amounts.
Why it matters: Adoption sets the legal spending limits for the coming fiscal year, authorizes tax levies and capital projects, and establishes administrative responsibilities and reporting requirements used for later monitoring and audit.
Vote and procedural notes: The motion to adopt Resolution No. 70‑2026 passed on a roll call with Councilmembers Olson, Ludington, Osmer, Fear, Mayor Pro‑Tem Haber and Mayor Teich voting aye; there were no nays and Councilmember Owens was absent. The resolution references adoption by reference of detailed departmental budgets and states appropriations are maximum authorizations, subject to oversight by the Fiscal Officer.
What’s next: The fiscal officer must provide monthly reports to the council. The resolution also requires that if revenues are projected to fall short, the fiscal officer present recommendations to prevent expenditures from exceeding available revenues.
