Council holds second reading of 2026–27 budget; assessed values up, mill levy projected to slightly decrease
On second reading of Ordinance 1449 (annual appropriations), staff reported assessed value increases and projected a slight drop in the mill levy to about 3.86794; the third and final reading was scheduled for Sept. 8, 2026.
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Clerk read Ordinance 1449 (the city’s 2026–27 annual appropriations bill) by title for a second reading and council discussed valuation and mill‑levy effects. Staff reported total taxable value figures and said "our assessed value increase on the same properties went up by 28 million, which is about 8.4% communitywide," and that, based on the recommended property‑tax request, the calculation would produce a mill levy of approximately 3.86794.
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