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Bo City adopts $24.8M fiscal 2025–26 budget with first capital improvement plan and slightly lower millage
Summary
The commission adopted the proposed FY2025–26 budget (presented total about $24.8–24.81 million), incorporated a 204‑page capital improvement plan, approved an operating millage of 14.45 and a debt service millage of 1.45, and passed associated resolutions by roll call.
Bo City commissioners voted to adopt the fiscal year 2025–26 budget, including the city's first formal capital improvement plan (CIP), and approved associated millage rates.
Mayor Nemichek read a memo summarizing the proposed budget, describing the CIP as a new, 204‑page element intended to institutionalize long‑term infrastructure planning for projects such as sanitary sewer work, road improvements and marina enhancements. The memo stated the proposed budget totals and emphasized a decreased combined millage rate relative to prior years.
During the public hearing portion the commission recorded detailed budget and revenue figures. The staff presentation noted total revenues less transfers of $24,848,996 and a total expenditure figure of $24,811,348 for the fiscal year. The commission then read and passed the required millage resolutions. The resolution text in the public record set the city operating millage rate at 14.45 mills and the city facilities debt service millage at 1.4500 mills.
Commissioners also discussed change‑order authority for contracts included in the budget and amended the resolution language to limit the city manager to approving a single contract change order up to $10,000 without additional commission approval, to reduce the potential for stacked increments that bypass formal review.
All budget resolutions were approved by roll call. The commission closed the public hearing and instructed staff to post the detailed budget document and continue CIP implementation steps.
