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Committee adopts 2026–27 property tax rates, approves $46.7M debt service levy
Summary
The Budget Committee approved ad valorem property tax rates for 2026–27—a permanent rate of $4.8701 per $1,000 and a local option of $1.63 per $1,000—and adopted a debt service levy of $46,715,943 for general obligation bond principal and interest. The motion passed 10–0.
During the May 28 meeting, Budget Committee member Monica Di Pietrantonio moved to approve the ad valorem property taxes to be imposed for tax year 2026–27: a permanent rate of $4.8701 per $1,000 of assessed value and a local option rate of $1.63 per $1,000. Jennifer Pope seconded the motion. The committee also recorded a levy of $46,715,943 in the Debt Service Fund for general obligation bond principal and interest. The motion passed unanimously, 10–0.
The tax-rate motion and the debt service amount were presented as formal actions in the meeting minutes; the transcript does not include additional public comment or debate on the levy. The record does not provide a legal citation for the levy language; the motion text lists the rates and bond payment amount.
