The breakdown
The city proposed a FY 2025-26 tax rate of $0.8146 per $100 of home valuation. City staff confirmed the rate will increase property tax revenue by approximately $1.5 million compared to last fiscal year.
According to the council’s budget packet, this falls below the voter approval tax rate of $0.8256 per $100 of home valuation and above the no-new-revenue tax rate of $0.7494 per $100 of home valuation.
The proposed budget expenditures include $32.48 million for capital projects and $36.59 million for operating expenses, most of which are city personnel costs.
Funding sources include $45.59 million in combined city revenues and $23.48 million from fund balances. City Manager Austin Bleess identified FY 2025-26 priorities as emergency management, a new city campus, utility infrastructure improvements and merit-based raises for city staff.
Another detail
The city council will finalize the ballot for a November bond election, which is expected to include three bond propositions for infrastructure and public works projects. The proposed bonds include:
- $21.62 million for a new city campus, which would house city staff and public works as well as add civic amenities and a gymnasium
- $20 million for improvements to water and wastewater infrastructure
- $6.5 million for a new city pool and pump house
The projected costs for each bond project are based on conceptual designs, industry benchmarks and site conditions.
Also on the agenda
The city will select a design firm for the municipal pool and pump house, authorizing the city manager to move forward with a contract. Other existing features such as restrooms and the shaded area will remain as is, according to city staff.
View the full agenda here.
Stay tuned
The Aug. 18 meeting starts at 7 p.m. in the Civic Center Auditorium, located at 16327 Lakeview Drive.
