The city's financial team presented an overview of expected revenues and debt for the next two fiscal years. They anticipate growth in sales tax and road funds, but property tax is expected to stay flat. The city also has significant bonded debt for past projects and future needs like new police and fire stations.
At a glance
Rising — being discussed more frequently. 5 mentions in the last 30 days, 1 the 90 before that.
Homeowners with a $640,000 property would see an estimated $25.70 annual increase.
The police department, which will have stable funding to cover inflationary costs.
Property owners who will see an increase in their annual tax bills.
The city is planning its spending for the next two years. This budget sets the stage for city services, infrastructure projects, and staffing levels.