FY27 Proposed Budget

State law requires that 50% of the local options sales tax received must be used to provide property tax relief. The City plans to reduce the debt service levy for fiscal year 2027 by $0.20. The City also plans to utilize LOST revenue for capital improvement projects. If the City did not utilize these funds, the debt service levy would need to increase by an estimated $0.49 by fiscal year 2030 to be able to fund the 2026-2030 Capital Improvement Plan.

* Levy rates are estimates based on estimated project costs, taxable valuation growth, and borrowing costs. Final rate determinations will be made during each future fiscal year’s budget adoption process.

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