Consider and take action on Ordinance 2026-28 adopting the Annual Budget for Governmental and Proprietary Funds for Fiscal Year 2027 - Second Reading (Assistant City Manager - CFO) Council approved first reading 8-0-0 on August 25, 2026. Taxpayer Impact Statement Required per H.B. 1522 effective September 1, 2025 based on Tax Year2025 (FY2026) and Tax Year 2026 (FY2027) 2025 Adopted Tax Rate $ 0.3

Staff Report & Agenda Item Details

Consider and take action on Ordinance 2026-28 adopting the Annual Budget for Governmental and Proprietary Funds for Fiscal Year 2027 - Second Reading (Assistant City Manager - CFO) Council approved first reading 8-0-0 on August 25, 2026. Taxpayer Impact Statement Required per H.B. 1522 effective September 1, 2025 based on Tax Year2025 (FY2026) and Tax Year 2026 (FY2027) 2025 Adopted Tax Rate $ 0.36355 with an estimated median homestead taxable value of $362,634 equals tax of $1,318.36 2026 No-New-Revenue Tax Rate $0.356505 with an estimated median homestead taxable value of $375,000 equals tax of $1,336.89 2026 Proposed Tax Rate $ 0.356505 with an estimated median homestead taxable value of $375,000 equals tax of $1,336.89 The change in total tax rate is a decrease of 0.007045 per $100, or -1.94% The change in estimated median homestead taxable value is an increase of 3.41% The change in tax on estimated median homestead property is an increase of $18.54 or 1.41%

This motion is scored as EXPANDS_GOVERNMENT (Impact Weight: 8.6/10). Under the Bastiat Liberty Watchdog Index, measures that increase tax rates or fee schedules, issue new debt or Certificates of Obligation, expand regulatory/zoning restrictions on private land use, or authorize unbudgeted spending expansions reduce an official's Freedom Score when voted YES (and reward dissenting NO votes).