Angie Steelman, Assistant City Manager and CFO, gave a presentation: Property Tax Values Decrease by 1.1% - FY2025 $13.25 Billion FY2026 NNR Property Tax Rate - $0.36355/$100 valuation Property Tax Revenue by Fund – FY2026 83% Estimated Proper

Staff Report & Agenda Item Details

Angie Steelman, Assistant City Manager and CFO, gave a presentation: Property Tax Values Decrease by 1.1% - FY2025 $13.25 Billion FY2026 NNR Property Tax Rate - $0.36355/$100 valuation Property Tax Revenue by Fund – FY2026 83% Estimated Property Tax Revenue – FY26 Proposed $50 million – At NNR rate $48 million Changes to General Fund Expenditures – Reducing the cash transfer to CIP and removing the West Side Master Plan Project Phase 2 Changes to Asset Forfeiture fund – Fund 3 new Police Captain vehicles from the Asset Forfeiture Fund Remove the contract for Internal Audit Services Remove Historic District Survey Update Reduce funding in the non-departmental for Property and Windstorm insurance based on an estimate from TML Reduction in Fleet Revenue – Reduce General Fund funding to the Fleet department while maintaining an estimated Fleet fund balance of $1 million. Position Changes: • Remove new position for Employee Leave and Claims Coordinator • Delay hiring date of some positions from October to January 1 Citywide: Operating budget - $193,639,604 FY2026 Adjusted for No-New-Revenue Rate of $0.36355 Capital budget - $329,553,766 FY2026 Adjusted for No-New-Revenue Rate of $0.36355

This motion is scored as RESTRAINS_GOVERNMENT (Impact Weight: 9.3/10). Under the Bastiat Liberty Watchdog Index, voting YES on measures that cap or reduce ad valorem tax burdens, expand taxpayer exemptions, retire debt early, enforce competitive bidding caps, or remove regulatory/zoning barriers to private property rights earns a positive Pro-Liberty score.