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Rexburg council adopts $95 million fiscal 2027 budget, sets amended‑budget hearing for Aug. 5
Summary
The council approved Ordinance 13‑50 adopting the fiscal year 2027 budget totaling $95,000,002.81, with a general fund just over $20 million, $80,000 contingency and a planned $735,000 draw on reserves; council also accepted multiple FY2026 budget adjustments and set an Aug. 5 hearing on the amended FY2026 budget.
The Rexburg City Council on July 15 adopted Ordinance 13‑50, the fiscal year 2027 budget, and separately approved a package of FY2026 budget adjustments and related procedural steps including scheduling a public hearing on the amended FY2026 budget for Aug. 5, 2026 at 6:30 p.m.
CFO Matt Nielsen summarized the FY2027 totals: the budget as presented runs from Oct. 1, 2026 through Sept. 30, 2027 and totals $95,000,002.81. The general fund is stated just above $20 million; the proposed budget includes $80,000 in contingency and anticipates dipping about $735,000 into reserves, which Nielsen said would reduce reserves closer to 21% (the policy target range is 25–33%). The budget includes one approved full‑time position and a 2.73% cost-of-living adjustment, with capital projects across streets, water and wastewater; Nielsen said no new debt is planned in the immediate budget.
During the same meeting the council considered about 23 line-item adjustments across funds: GASB and lease-purchase accounting changes, increased franchise/clawback revenues used for street reconstruction, an anticipated ice-rink subsidy (roughly $110,000 this season), and changes tied to the fire district transition. Nielsen also reported a sewer headworks scope increase of about $966,000 to be funded by the Sewer Capital Reserve and additional LID construction needs of roughly $2,000,000.
Council action and procedure: following public hearing procedures (no public speakers for or against the FY2027 ordinance), a council member moved and the body approved Ordinance 13‑50. The council separately moved to accept the FY2026 budget adjustments and those passed by voice vote. The council set a public hearing on the amended FY2026 budget for Aug. 5, 2026 at 6:30 p.m.; Nielsen said that after amendments the rolling budget total would move from a previously posted $111.2M to roughly $104.5M.
Why it matters: the adopted budget directs city spending priorities for public works, safety and parks and affects reserves and contingency policy. Nielsen noted that 64% of the budget is allocated to public works, 13% to public safety and an elevated parks/rec/arts share (about 15%) is driven by the ice-rink adjustment.
Quote: "This budget is for fiscal year '27...the total is $95,000,002.81," CFO Matt Nielsen said, later noting the city will dip into reserves roughly $735,000 under this plan.
Next steps: staff will publish the adopted ordinance and notice of the Aug. 5 hearing on the amended FY2026 budget, and will bring back any required budget-adjustment ordinances to implement the council’s decisions.
