Presentations

Summary

The 2026 budget adoption report outlines the city's financial plan for the upcoming year, including a proposed 7.49% levy increase. The report highlights key budget areas, such as personnel expenses, service expenses, and capital improvements. It also discusses the impact of the levy increase on median-valued homeowners and provides information on property tax payer resources. The city council has authorized various motions to adopt resolutions for the 2026 final HRA levy, EDA levy, and property tax levy. The report aims to provide a comprehensive overview of the city's financial situation and proposed budget for 2026.

Details

Subject

2026 Budget Adoption

Summary

The 2026 budget adoption report outlines the city's financial plan for the upcoming year, including a proposed 7.49% levy increase. The report highlights key budget areas, such as personnel expenses, service expenses, and capital improvements. It also discusses the impact of the levy increase on median-valued homeowners and provides information on property tax payer resources. The city council has authorized various motions to adopt resolutions for the 2026 final HRA levy, EDA levy, and property tax levy. The report aims to provide a comprehensive overview of the city's financial situation and proposed budget for 2026.

Report Date

2025-12-15

Report Type

annual

Report Title

2026 Budget Adoption

Authoring Body

City Council

Reporting Period

2026