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Veneta approves FY 2026‑27 budget, elects to receive state shared revenues
Summary
The City Council adopted the FY 2026‑27 budget and two companion resolutions to accept state shared revenues and certify municipal services. Council also identified previously held reserves for city hall work and separated set‑aside gas tax funds for bike and pedestrian projects.
The Veneta City Council adopted Resolution No. 1474, approving the FY 2026‑27 budget, and separately adopted resolutions to elect to receive state shared revenues and to certify the city provides the required municipal services.
City Administrator Matt Michel told the council the election to receive state shared revenues is estimated at "approximately $547,000" from state gas, cigarette, marijuana, and liquor taxes. He also noted two budget changes: $31,413 previously held in a governmental reserve for city hall improvements is being made available for near‑term facility work, and $223,387 held from the required one percent state highway gas tax set‑aside is being identified separately for bike and pedestrian projects to improve transparency and accessibility for qualifying road work. Councilors voted unanimously to adopt Resolution Nos. 1472, 1473, and 1474.
The council's budget adoption preserves the city's service certifications (police via the LCSO contract, street services, sanitary and storm sewer, planning, and water utility) required for eligibility for state shared revenues. Staff noted the budget is consistent with the budget committee’s approved proposal aside from the reserve reallocation described above.
