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Tax Levy & Impact
<br />This section summarizes some of the impacts of the above changes to the levy and tax rate. The following
<br />table shows the proposed 2026 Levy, change from prior year and the initial requested levy from the August
<br />Budget workshop.
<br />
<br />2025
<br />2026
<br />Requested % Change
<br />2026
<br />Revised
<br />New
<br />% Change
<br />General Fund Levy 5,588,958 6,700,000 19.88% 6,300,000 12.72%
<br />Debt Service Levy 3,251,728 3,455,453 6.27% 3,417,785 5.11%
<br />Capital Levies
<br />Infrastructure Reserve Levy 93,333 500,000
<br />
<br />
<br />64.88%
<br />
<br />
<br />400,000
<br />43.16%
<br />City Center CIP Levy 50,000 120,000 50,000
<br />Park CIP Levy 100,000 100,000 0
<br />Ballpark Fund Levy (new) 250,000 250,000
<br />Vehicle & Equipment Levy 400,000 450,000 450,000
<br />Street Maintenance Levy 600,000 630,000 630,000
<br />TOTAL LEVY $ 10,084,019 $ 12,205,453 21.04% 11,497,785 14.03%
<br />
<br />The Median Home Value increased slightly this year; from $581,700 for tax year 2025 to $585,800 for tax
<br />year 2026. The initial draft levy would have a tax impact of an additional $310 in city tax for the year, or
<br />$26.00 per month. The Revised Levy brings that change down to $179 per year or less than $15 per month.
<br />
<br /> 2025 2026
<br />Requested
<br />2026
<br />Revised
<br />Median Value Home 581,700 585,800 585,800
<br />Tax Rate
<br />26.84% (final 2025) 1,616 1,630
<br />31.72% (est. 2026 - requested) 1,910 1,926
<br />29.57% (est. 2026 - revised) 1,795 $310 increase on MVH $179 increase
<br />
<br />
<br />Process for This Workshop
<br />We are seeking feedback on changes to make before the Council certifies a preliminary levy at the
<br />September 16th meeting. Additional fine-tuning of the budget will take place through the time it is adopted
<br />in December.
<br />
<br />Specifically:
<br />1) Is the Council supportive of the new Levy amount?
<br />2) Are there any questions the Council has about specific expenditures in the detailed Budgets?
<br />
<br />After setting the preliminary levy in September, Council may reduce the amount in December but cannot
<br />increase it.
<br />
<br />ATTACHMENTS
<br />1) 2026 Revised Master Budget Worksheet
<br />2) CIP Scenarios
<br />3) Memo from Chief Kalis re: GIS study
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