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Council sets proposed tax rate and schedules April public hearings
Summary
Council set a proposed property tax rate (recorded in packet as 10.27) and scheduled a special meeting and public hearing on April 7 for the rate, with final budget adoption hearing on April 21; staff noted maintaining that rate will require drawing on reserve interest to avoid raising taxes.
The council set the city’s proposed property tax rate in line with prior workshops and established dates for required public hearings in April.
Staff told the council the proposed tax rate, as discussed at an earlier workshop, will appear in notices as 10.27 (packet language) and moved to set the first public hearing for April 7. The clerk explained statutory publication requirements: the proposed tax-rate hearing must be scheduled to allow county mailings and state processing before the adoption hearing. The city plans to publish notice and hold a final budget hearing and adoption on April 21.
Council discussed that maintaining the proposed rate without raising taxes will require using interest earned on reserve investments to offset budget shortfalls. At least one resident asked what major expenditures drove the need to tap reserves; staff said the city used reserve interest to provide tax relief rather than raising the rate.
Next steps: staff will publish the required notices and hold the special public hearing on April 7, followed by the final budget adoption hearing on April 21.
