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Staff presents conservative $122.98 million tentative FY2027 budget; council schedules adoption
Summary
City staff presented a conservative proposed FY2027 budget totaling $122,976,923, outlining reduced transfers from enterprise funds, midyear hires, and potential future utility-rate decisions tied to bond coverage; tentative adoption was scheduled for next Wednesday with final adoption set for June 17.
City staff presented the tentative FY2027 budget and described it as a conservative plan designed to weather economic uncertainty. Presenter (S3) told the council: "So we're just gonna kinda go over the tentative budget," and later said the proposed total "is a $122,976,923 budget." The staff presentation highlighted a decision to reduce traditional operating transfers from enterprise funds to the general fund in favor of indirect service charges.
Staff said compensation increases are being handled cautiously: up to a 4% total adjustment consisting of approximately a 2.7% cost-of-living adjustment and about 1.3% tied to merit, with many proposed new positions to be filled at midyear pending economic performance. Presenter (S3) reminded the council that tentative adoption is statutory and that the budget can be adjusted before final adoption, proposing tentative adoption next Wednesday and final adoption on June 17. The council did not take a final vote on the budget at this meeting.
