2.2.
| CC Work Session |
| Meeting Date: | 09/09/2025 |
| Primary Strategic Plan Initiative: | {ud_pd2} |
Information
Title:
Final 2026 Budget/Levy Review Before Preliminary Adoption on 9-23-25
Purpose/Background:
Continuation of the discussion pertaining to the 2026 General Fund Budget and tax levies. One further review before preliminary adoption.
At the budget worksession of August 26, 2025, the request was to reduce the levy to a 6.5% levy increase, which would increase the funding from the HRA/COR Fund in the amount of $220,000.
All attached documents have been updated to reflect the proposed 6.5% levy increase. The HRA/COR Fund cash flow will be handed out at the worksession as staff is still updating the capital equipment request through year 2035 as requested at the August 26 worksession.
Preliminary adoption of the 2026 General Fund Budget and preliminary levies is scheduled for the regular City Council meeting of September 23, 2025.
At the budget worksession of August 26, 2025, the request was to reduce the levy to a 6.5% levy increase, which would increase the funding from the HRA/COR Fund in the amount of $220,000.
All attached documents have been updated to reflect the proposed 6.5% levy increase. The HRA/COR Fund cash flow will be handed out at the worksession as staff is still updating the capital equipment request through year 2035 as requested at the August 26 worksession.
Preliminary adoption of the 2026 General Fund Budget and preliminary levies is scheduled for the regular City Council meeting of September 23, 2025.
Time Frame/Observations/Alternatives:
15 minutes
Recommendation:
Final review of proposed levy/budget prior to preliminary adoption.
Outcome/Action:
Determination of preliminary levy amount to be adopted at September 23, 2025 regular City Council meeting.
Attachments
- Tax Capacity Rate Estimate - 6.5%
- Tax Impact - Residential & Commercial 6.5% Levy
- 2026 Personnel Requests
- 2026 Capital Equipment Requests
- Summary Items Removed/Added From Original Budget Requests
- 2026 General Fund Budget - 6.5% Levy Increase
- 2026 Proposed EDA Budget
Form Review
| Inbox | Reviewed By | Date |
|---|---|---|
| Brian Hagen | Brian Hagen | 09/04/2025 02:56 PM |
- Form Started By:
- Diana Lund
- Started On:
- 09/03/2025 12:34 PM
- Final Approval Date:
- 09/04/2025