FY26 Proposed Budget

City of Iowa City All Funds Revenues by Type

2023 Actual

2024 Actual

2025 Budget

2025 Revised

2026 Budget

2027 Projected

Budgetary Fund Revenues

Property Taxes

66,685,014 66,225,551

68,821,500 68,821,500

70,655,600

72,771,743

Other City Taxes

Gas/Electric Excise Tax Mobile Home Tax Hotel/Motel Tax Utility Franchise Tax

783,780 52,976

748,119 47,991

656,400 52,800

656,400 52,800

656,400 52,800

656,400 52,800

1,885,263 1,116,963 4,093,617 7,932,599

2,043,186

1,750,400 1,116,700 4,388,100 7,964,400

1,750,400 1,116,700 4,388,100 7,964,400

2,043,100 1,972,000 4,166,800 8,891,100

2,043,100 1,972,000 4,412,600 9,136,900

982,969

TIF Revenues

4,304,864 8,127,129

Other City Taxes Total

Licenses, Permits, & Fees General Use Permits

104,127 118,650

99,282 126,923

107,080 116,700

107,080 116,700

95,800 126,900

95,800 126,900

Food & Liquor Licenses Professional License

2,155

2,275

2,000

2,000

2,300

2,300

Franchise Fees

508,934 59,731

593,710 55,390

470,000 61,000

470,000 61,000

470,000 55,400

470,000 55,400

Miscellaneous Permits & Licenses Construction Permits & Inspection Fees

2,060,778 2,854,375

2,166,574 3,044,154

1,836,100 2,592,880

1,836,100 2,592,880

1,902,400 2,652,800

1,902,400 2,652,800

Licenses, Permits, & Fees Total

Use Of Money And Property Interest Revenues

5,943,351 10,140,084

1,642,310 1,529,075

1,642,310 1,529,075

1,658,900 1,592,400

1,459,800 1,592,400

Rents

1,548,883

1,603,519

Royalties & Commissions

99,854

107,306

121,000

121,000

119,000

119,000

Use Of Money And Property Total

7,592,088 11,850,909

3,292,385

3,292,385

3,370,300

3,171,200

Intergovernmental

Federal Intergovernmental Revenue

22,351,695 21,837,931

48,997,706 37,775,830

38,582,342

30,560,300

Property Tax Credits

1,243,695

1,674,917

1,404,500

1,404,500

985,500

703,867

Road Use Tax

10,346,324 10,580,120

10,500,000 10,500,000

10,800,000 2,566,400

10,908,000 2,602,700

State 28E Agreements Operating Grants Disaster Assistance Other State Grants Local 28E Agreements

2,200,799

2,408,480

2,508,500

2,961,900

71,122 15,081

68,697 71,309

54,000

54,000

65,000

65,000

-

-

-

-

1,184,588 1,259,516

1,037,961 1,428,012

685,800

2,896,970 1,418,105

709,200

8,209,200 1,683,547 54,732,614

1,418,105

1,511,500 55,219,942

Intergovernmental Total

38,672,820 39,107,427

65,568,611 57,011,305

Charges For Fees & Services Building & Development

2,631,328

663,934 100,897 10,204 13,380 64,504 659,725

478,850 80,000 12,800

478,850 80,000 12,800

495,900 85,000 10,200 10,000

495,900 85,000 10,200 10,000

Police Services

101,476 12,826

Animal Care Services

Fire Services Transit Fees

9,060

9,100

9,100

1,054,035

-

-

-

-

Culture & Recreation

637,499

644,100

644,100

655,600

655,600

Library Charges

4

-

-

-

-

-

Miscellaneous Charges For Services

116,977

75,150

67,500

67,500

86,500

61,500

Water Charges

10,477,522 11,003,126 12,332,334 12,794,159

11,084,600 11,084,600 13,207,400 13,207,400

11,653,200 13,515,000 5,895,000 7,599,300 1,890,200 7,329,500

11,769,015 13,650,150 5,948,313 7,599,300 1,909,102 7,402,659

Wastewater Charges

Refuse Charges Landfill Charges

5,211,521 6,594,014 1,729,888 5,595,019

5,563,939 7,144,380 1,885,926 5,723,759

5,759,100 6,900,000 1,900,000 9,372,135

5,759,100 6,900,000 1,900,000 7,268,287

Stormwater Charges

Parking Charges

Charges For Fees & Services Total

$ 46,503,503 45,703,083 $ $ 49,515,585 47,411,737 $ $ 49,225,400 $ 49,596,739

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