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Morgan City adopts municipal and redevelopment budgets, tax rate; several amendments approved
Summary
Council adopted multiple budget resolutions and the certified 2026 tax rate on June 23, approving municipal building authority and redevelopment agency budget amendments and adopting final city budgets for FY2026-27. Staff cited grant awards and capital needs; votes were unanimous.
Morgan City Council on June 23 adopted a series of budget resolutions and the city's certified 2026 property tax rate after staff summarized amendments, grants and capital needs.
As the Municipal Building Authority, the council approved Resolution M26-27 (amending the 2026-27 fiscal year budget) and M26-28 (adopting the 2026-27 municipal building authority budget). Ty, the staff presenter, described the authority's role in owning and operating city buildings and said the authority's fund balance was roughly $400,000 to $475,477 (figures reported at different moments in the meeting); staff noted the fund could be used to secure a bond for a future shop project.
The Redevelopment Agency adopted Resolution R26-29 (opening/amending FY25-26) and R26-30 (adopting FY26-27). Staff said alleyway-project costs required amendments and reported receiving an unexpected $250,000 grant in addition to an earlier $458,000 grant, prompting increased capital appropriations for the alleyway project.
On the city side, council considered and approved amendments to the FY26 budget (staff noted a $315,000 grant for the Young Street West project and overlapping road projects) and adopted the final FY26-27 budget and the certified tax rate; staff said the certified tax rate produced about $4,000 more in revenue than the tentative budget projection and that this year's rate is the lowest in roughly 30 years. Council corrected drafting errors where resolutions mistakenly referenced the Redevelopment Agency and then voted; all budget and tax-rate measures passed on unanimous voice votes.
Councilors asked about fund balances and borrowing options; staff said the municipal building authority could use lease payments to secure bonding and estimated the authority could build roughly $100,000 per year toward a shop (one councilor estimated a shop cost at about $1.5 million). Staff also outlined several grants included in the FY26-27 budget for parks and river projects totaling multiple grants (including amounts cited in staff remarks: $300,000 donor advisory fund, $500,000 and $717,000 grants for the fish park, and a planned $600,000 application) and said a $2.7 million appropriation request for a named project had moved forward in appropriations.
All budget and tax-rate resolutions were adopted by unanimous voice votes.
