The city is planning for future fiscal years, expecting general fund growth but flat property tax. They are managing $77.7 million in bonded debt and considering future bonding for public facilities. The FY25 audit showed no findings, indicating good financial health.
At a glance
Declining — being discussed less frequently. 1 mention in the last 30 days, 5 the 60 before, 1 the 90 before that.
The amendments involve various increases and decreases across multiple project funds, including a $351,200 decrease for the Towne Center CDA and a $140,630 increase for the Anthem CRA.
The city and its residents benefit from accurate financial reporting and the proper allocation of tax increment funds.
Residents will see a modest increase in their annual property tax bills.
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The city is proposing a 5% property tax increase to cover rising costs for the police department. This would cost the average homeowner about $25.70 more per year.