Iowa City City Council FY2027 Budget Work Session of January 24, 2026 - Budget Overview & Highlights
City of Iowa City Council · January 26, 2026
City staff presented the proposed FY2027 operating budget and detailed recommended uses of a new 1% local option sales tax (LOST), including a 20¢ property-levy reduction, $3.5 million for affordable housing initiatives, road and facility projects, and modest utility rate increases; councilors asked for follow-up on metrics and timing before April adoption.
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