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7. 1.
<br />CC Regular Session
<br />Meeting Date:
<br />09/22/2026
<br />Primary Strategic Plan Initiative: Identify and implement operational efficiencies, cost savings and
<br />additional funding sources.
<br />Title:
<br />Adopt Resolution 26-215 Adopting Proposed 2027 Payable Tax Levies (General, Pavement Management, EDA and Debt
<br />Service) & Schedule Public Hearing for December 8, 2026; Adopt Resolution #26-216 Adopting Proposed 2027 General
<br />Fund Budget and Resolution #26-217 Adopting Proposed 2027 EDA Budget.
<br />Purpose/Background:
<br />Purpose: Each taxing authority must certify its proposed preliminary property tax levies for payable 2027 to the County
<br />Auditor by September 30, 2026.
<br />A budget/levy slide presentation will be provided that will outline the city's proposed 2027 levies and General Fund Budget.
<br />The city held several worksessions on the proposed 2027 preliminary budget and related levies, with the last worksession,
<br />prior to preliminary adoption, being held on August 25, 2026.
<br />Proposed 2027 Payable Tax Levy:
<br />Proposed Tax Levies:
<br />General Fund Levy: $ 19,740,050
<br />Pavement Management Fund Levy (Included in General Levy) $ 1,935,510
<br />EDA Levy (Included in General Levy) $ 86,367
<br />Debt Service Levy: CIP Bond (Municipal Center) (Being Requested) $ 1,108,450
<br />Debt Service Levy - C1P Bond ( Fire Station #2) $ 284,393
<br />Debt Service Levy - 2023 Equipment Certificates $ 191,888
<br />02022 Reconstruction Debt - $12M of additional Road Projects $ 1,088,063
<br />Debt Service Levy - CIP Bond (Public Works Campus) $ 127,276
<br />2017 Reconstruction Debt - Sunwood Drive & Alpine $ 98,889
<br />2018 Reconstruction Debt - River's Bend & Stanhope Terrace $ 108,568
<br />11 Total Proposed Levy - 2027
<br />$ 24,769,454
<br />Based upon the proposed levy, the City's estimated tax rate is projected to slightly increase in 2027 from 46.145% (2026) to
<br />47.288% subject to final property and tax calculations by the County. The attached resolution, as it is presented, reflects a
<br />levy of $24,769,454. The proposed levy for 2027 reflects a $1,430,538 (6.13% increase) over the adopted levy in 2026 of
<br />$23,338,916.
<br />The levy increase of $1,430,538 has the following contributing factors:
<br />1. Additional Personnel Requests - New positions and position reclasess - $104,078
<br />Personnel additions of a full-time GIS Coordinator (8/2/2027 start), Seasonal Building Maintenance
<br />(5/10/27-9/17/27), Happy Days Intern (5/17/27-9/20/27), reclass Building Inspector I to Building Inspector II and Reclass
<br />Engineering Tech III to Civil Engineer I.
<br />2. $1,190,984: Personnel: COLA, Market Rate Adjustments, Steps, PERA, FICA/Medicare, Health Insurance, Workers
<br />Comp, Severance and Paid Family Medical Leave.
<br />3. $196,239: Line item increases: Gasoline, Splash pad water, Street Maintenance, Software Licensing, Etc.
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