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Eagle council advances balanced budget framework; 3% property‑tax package and 3% COLA tentatively included
Summary
Finance staff presented a balanced budget framework showing total pass‑throughs and transfers of $58,000,000 (a $10 million drop from last year) and an operating budget of $42,500,000; councilors tentatively agreed to include a 3% property‑tax package and to consider a 3% cost‑of‑living adjustment for staff.
Lori, the city finance lead, told the council the draft budget with pass‑throughs and fund transfers totals "58,000,000, which is down 10,000,000 from last year." The operating budget in the proposal was $42,500,000; staff said departments worked repeatedly to find cuts and offsets to present a balanced plan for council action.
Councilors agreed broadly to include the three elements currently plugged into the property‑tax calculation—3% levy, new‑construction revenue and annexation plus the 1% foregone—so staff can proceed toward advertising for the public hearing. Lori also outlined options for managing pay increases, capital projects and reserves while maintaining the auditor‑recommended six‑month fund balance.
