Council accepts excess debt‑service collections and certifications for 2025–27

City staff presented the tax assessor's certification for excess debt-service collections for 2025 and the certification for debt-service collections for tax year 2026–27, explaining how excess collections feed into the next year's debt-rate calculation under truth-in-taxation rules. Staff told the council the city recorded excess collections, and "this year, our debt collection rate will be a 100% when they do the tax worksheets." (City staff member)

After brief discussion and a motion to accept the report, the council approved the certification. Staff noted the certification uses a three‑year lookback and accounts for protests and valuation adjustments when calculating next year's debt rate. The meeting record indicates the motion carried by voice vote; the transcript does not include a numerical roll-call tally.