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Cedar Hills council adopts FY2026 budget amendments and interim budget with updated property-tax impact schedule
Summary
Council approved Resolution 06-16-2026A adopting midyear budget amendments and later approved an interim budget (Resolution B) that incorporates a corrected property-tax impact schedule; staff advised sales-tax timing creates uncertainty for midyear adjustments.
Charles Lowe presented midyear adjustments saying sales-tax receipts are reported with a lag and that some adjustments rely on incomplete data. “Most taxes are collected and then we don't actually receive the numbers, till 60 days later,” Lowe said, explaining why staff used the best-available numbers through March to prepare amendments.
Lowe identified higher-than-expected building permit and plan-check revenues, modest decreases in trash tonnage and some shifts in franchise taxes tied to a mild winter. He also said closing costs for recent bonds (about $34,000) cannot be capitalized and noted interest income rose due to invested bond proceeds.
Council opened and closed the public hearing on the budget amendments without public comment, then voted to approve Resolution 06-16-2026A adopting the FY2026 budget amendments. Later in the meeting staff corrected an earlier display error on the property-tax impact schedule (updating references from 2025 to 2026), the council recessed briefly to display the corrected schedule, and then approved Resolution 06-16-2026B adopting an interim budget that includes the updated property-tax impact schedule.
Council discussion included crosswalk safety, signage around roundabouts, and arbitrage compliance on bonds; staff committed to follow up with more detail where requested.
