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STAFF <br />REPORT <br />TO: Mayor Fischer and Members of City Council <br />FROM: Bryce Shearen, City Administrator <br />Sam Magureanu, Finance Director <br />DATE: August 27, 2025, City Council Workshop <br />RE:Update on the Preliminary Proposed 2026 Budget and Levy <br />BACKGROUND: <br />On August 20, 2025, city staff and city council participated in a budget and levy workshop where <br />an 11.38% levy increase was presented. The purpose of this additional city council workshop is <br />to provide an update on the budget and levy since the meeting that occurred on August 20. <br />The next steps following the August 27 workshop is to adopt the City’s preliminary budget and <br />levy at the September 10, 2025, city council meeting. The preliminary adopted levy can not be <br />increased; however, it can be lowered before final adoption at the December 3, 2025 city council <br />meeting. <br />REQUESTED ACTION: <br />The Council is asked to provide feedback at this time, and no additional action is required.