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<br />TAX LEVY <br />The tax levy increase reflected in this draft of the budget totals 9.00% or $672,489. This levy will balance the <br />General Fund budget and decrease reliance on LGA funds in the amount of $275,637 or 26.7%. The portion of the <br />LGA funds that is not budgeted for in the General Fund can be included as revenue in one of the capital funds. <br /> <br />If Council were to reduce the tax levy increase, it would increase reliance on LGA funds by the following: <br /> <br />Levy % Levy $LGA % L GA $Available LGA <br />9.0% 672,489 73.3% 757,922 275,637 <br />7.5% 560,408 84.2% 870,003 163,556 <br />6.7% 500,631 90.0% 929,780 103,779 <br />6.0% 448,326 95.0% 982,085 51,474 <br />The tables below show the potential annual impact of the City tax levy to median valued home. <br /> <br />COUNCIL CONSIDERATION <br />Staff is respectfully requesting the City Council to review the draft budget and provide feedback. The Public <br />Hearing on the proposed 2026 Budget was held earlier tonight. <br /> % CHANGE $ CHANGE 2025 2026 2025 2026 $ CHANGE % CHANGE 2025 2026 <br />6.00% 448,326$ 324,100$ 336,800$ 1,249$ 1,336$ 87$ 7.0% 38.036% 39.072% <br />6.70% 500,631$ 1,346$ 97$ 7.8%39.397% <br />7.50% 560,408$ 1,358$ 109$ 8.7%39.768% <br />9.00% 672,489$ 1,380$ 131$ 10.5%40.463% <br />CITY TAX RATECITY LEVY MEDIAN VALUE ANNUAL CITY TAX CITY TAX