Consider approval of a maximum proposed tax rate of $0.441166 for the 2026 tax year and to set the Public Hearings on the budget and proposed tax rate for the regularly scheduled City Council Meeting on September 8, 2026, at 7:30 p.m. Taxpayer Impact Sta

Staff Report & Agenda Item Details

Consider approval of a maximum proposed tax rate of $0.441166 for the 2026 tax year and to set the Public Hearings on the budget and proposed tax rate for the regularly scheduled City Council Meeting on September 8, 2026, at 7:30 p.m. Taxpayer Impact Statement: Fiscal Year (FY)- Median-Valued Tax Rate Per Estimated (Tax Year (TY)) Homestead $100 of Value Property Tax Bill FY 2025-2026 Adopted 2025 (TY 2025) $585,944 Tax Rate: $2,607.31 .444976 FY 2026-2027 2026 No New (TY 2026) $605,309 Revenue Tax Rate: $2,553.68 .421881 FY 2026-2027 Proposed 2026 tax (TY 2026) $605,309 rate based on the $2,670.42 proposed budget for FY 2026-27: .441166

This motion is scored as EXPANDS_GOVERNMENT (Impact Weight: 8.8/10). 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).