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Budget committee approves proposed FY2025–26 budget and sets property tax levy
Summary
The Hubbard Budget Committee voted to approve the proposed FY2025–26 budget and to impose a property tax levy, after hearing department presentations and discussion of a structurally imbalanced sewer fund and grant‑funded projects.
The Hubbard Budget Committee voted to approve a proposed fiscal year 2025–26 budget and to set the city's property tax levy during a meeting that concluded with two formal motions.
Committee member (speaker 6) moved to impose the property tax levy, read at $3.09772 per $1,000 of assessed value; the motion was seconded and passed by voice vote. The committee then voted to approve the proposed budget, read into the record as $14,765,532. Both motions passed with no recorded opposition.
The approved proposal follows a presentation from the chair and department heads that stressed a tight fiscal picture: the chair noted the budget is structurally balanced across most funds but warned "The Sewer Fund remains structurally imbalanced due to aging infrastructure and increasing costs," and staff repeatedly emphasized rising costs and constrained property tax growth under Measures 5 and 50.
Staff told the committee the proposed plan includes a grant‑funded 0.5 full‑time equivalent position to support administration of externally funded projects and continues several capital projects funded by federal and county ARPA awards. Department heads stressed that materials and services reductions were required across multiple funds to achieve the proposed balance.
Next steps: the committee record will accompany the budget to the city council for final adoption and staff will continue planning for required capital and regulatory projects in the sewer and water funds.
