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CC Work Session <br />Meeting Date: <br />Primary Strategic Plan Initiative: <br />2. 2. <br />09/09/2025 <br />Identify and implement operational efficiencies, cost savings and additional <br />funding sources. <br />Information <br />Title: <br />Final 2026 Budget/Levy Review Before Preliminary Adoption on 9-23-25 <br />Purpose/Background: <br />Continuation of the discussion pertaining to the 2026 General Fund Budget and tax levies. One further review <br />before preliminary adoption. <br />At the budget worksession of August 26, 2025, the request was to reduce the levy to a 6.5% levy increase, which <br />would increase the funding from the HRA/COR Fund in the amount of $220,000. <br />All attached documents have been updated to reflect the proposed 6.5% levy increase. The HRA/COR Fund cash <br />flow will be handed out at the worksession as staff is still updating the capital equipment request through year <br />2035 as requested at the August 26 worksession. <br />Preliminary adoption of the 2026 General Fund Budget and preliminary levies is scheduled for the regular City <br />Council meeting of September 23, 2025. <br />Time Frame/Observations/Alternatives: <br />15 minutes <br />Recommendation: <br />Final review of proposed levy/budget prior to preliminary adoption. <br />Outcome/Action: <br />Determination of preliminary levy amount to be adopted at September 23, 2025 regular City Council meeting. <br />Attachments <br />Tax Capacity Rate Estimate - 6.5% <br />Tax Impact - Residential & Commercial 6.5% Levy <br />2026 Personnel Requests <br />2026 Capital Equipment Requests <br />Summary Items Removed/Added From Original Budget Requests <br />2026 General Fund Budget - 6.5% Levy Increase <br />2026 Proposed EDA Budget <br />Form Review <br />Inbox Reviewed By Date <br />Brian Hagen Brian Hagen 09/04/2025 02:56 PM <br />Form Started By: Diana Lund Started On: 09/03/2025 12:34 PM <br />