Fiscal Year 2026 - 27 Proposed Budget

Key Dates for Budget Development, Public Hearings, and Final Adoption

• Council Visioning Workshop
  • March 6, March 7, March 8

• Community Budget Survey Completed

• Council Budget Planning Meeting #1
• Review of 5-year Financial Forecast

• Council Budget Planning Meeting #2
• Review and Council Prioritization of 5-Year CIP Spending Plan

• Council Budget Planning Meeting #3
• Review and Council Prioritization of Public Transportation Program and Special Public Events Programs

• Council Budget Planning Meeting #4
• Update on Anticipated Savings from Cost Containment Measures Implemented to Mitigate $14.2 Million Projected Deficit for Fiscal Year 2025-26

• Council Budget Planning Meeting #5
• Interim City Manager's Recommended Proposed Operating and Capital Budgets for Fiscal Year 2026-27 Presented to City Council

• Council Budget Planning Meeting #6
• Results of 2026 Cost of Service Study Update and Rates for Water and Wastewater Services Proposed for Fiscal Year 2026-27
• 2026 Certified Taxable Assessed Valuations, Property Tax Rate Calculations for Maintenance and Operations (M&O) and Interest and Sinking (I&S), and Proposed Property Tax Rates for Fiscal Year 2026-27
• Resolution to Record City Council's Vote to Consider Property Tax Rate Increase at Future City Council Meeting (If Necessary)

• Council Budget Planning Meeting #7
• 1st Public Hearing - Proposed Budget, Fees, & Utility Rates
• 1st Public Hearing - Proposed Property Tax Rates
• 1st Reading - Budget Adoption Ordinance
• 1st Reading - Property Tax Rate Ordinance
• 1st Reading - Property Tax Rate Increase Ratification Ordinance

• Council Budget Planning Meeting #8
  • 2nd Public Hearing - Proposed Budget, Fees, & Utility Rates
  • 2nd Public Hearing - Proposed Property Tax Rates
  • 2nd Reading - Budget Adoption Ordinance
  • 2nd Reading - Property Tax Rate Adoption Ordinance
  • 2nd Reading - Property Tax Rate Increase Ratification Ordinance