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Council adopts FY2026 year‑end amendments and approves FY2027 interim budget; property tax impact disclosed
Summary
Finance Director Aspen Clegg told council the FY2026 amendments align expenditures with actual spending (some increases are offset by grant revenues) and the council approved the year‑end amendments and adopted an interim FY2027 budget that separately notes a proposed 5% property tax rate increase estimated to raise about $110,598.
Finance Director Aspen Clegg presented the fiscal‑year 2026 year‑end budget amendments, noting the changes bring departmental expense lines into alignment with actual expenditures and that some items reflect grant‑funded activity (revenues that offset those expense increases are not shown on this amendment). Clegg said legal expenses were consolidated into a larger legal transfer and that certain election and grant expense lines required upward adjustments to reflect actual spending. "Some of these line items are specifically in relation with the grant... we do have the revenue that offsets it," Clegg said.
Clegg also presented the FY2027 interim budget and the required property tax impact schedule under new state guidance. Staff disclosed a proposed tax rate increase from 0.001417 to 0.001488 (a 5% change) estimated to generate an additional $110,598.32 — roughly $1.83 per month for the average residential property — and explained the interim budget shows that revenue separately until final truth‑in‑taxation proceedings in August. Council approved Resolution 2026‑45 (FY2026 amendments) and Resolution 2026‑48 (FY2027 interim budget) on motions with associated roll‑call and voice votes.
