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Kearney staff present $127 million FY2025–26 budget, cite $9M in higher spending and new bonds for fire station
Summary
City budget presenter Kayla James outlined a proposed FY2025–26 budget of roughly $127 million, driven by $14.8 million in bond proceeds, $3.2 million in tax growth and $5.6 million in increased charges for services; staff said total expenditures rise by about $9 million (6.9%).
Kayla James, the budget presenter, told the council the proposed fiscal 2025–26 budget compares to the prior year and highlights significant variances in revenues and expenditures. "As a total, you can see there that our total expenditures increased by a little bit over $9,000,000 or $9,000,000 or 6.9%." She said that increase reflects both general‑fund and other‑fund changes, including higher personnel costs and capital spending.
James said revenues are budgeted to increase about $22.4 million (roughly 21%), driven by $14.8 million in bond proceeds, about $3.2 million in additional tax receipts and $5.6 million in charges for services such as parks, concessions and utilities. "So keep your fingers crossed," she added when describing the revenue outlook. The presentation also broke down anticipated sales‑tax receipts (about $19.5 million) and a combined city property‑tax request of roughly $7.4 million across included levies.
The presenter described targeted spending areas and noted the general fund’s total expenses were up about $2.8 million (7%), largely because of personal‑services increases and full‑year Sportsplex costs. She said capital outlay overall rises about $3.6 million but that net capital spending is affected by large offsetting items.
