2026 Budget Book - Laserfiche WebLink

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• Excess Tax Increment collections are projected to increase by $50,000 in 2026. • The chart below demonstrates the percentage of revenue sources that fund the General Fund: HRA BUDGET AND LEVY The 2026 HRA Budget and Levy proposed at the same amount as 2025, 0% Levy increase. DEBT AND INFRASTRUCTURE LEVY The 2026 Debt Related Levies and Street improvement Levies were proposed to increase by $0 over the 2025 combined debt levies. The 2026 debt levy certified will be $1,840,953. This is an increase of $382,258 compared to the 2025 debt levy due to the 2024 debt issue being included and having reduced available funds on hand in 2025, leaving less availability to reduce the debt levy by funds on hand. This increase in the debt levy will be offset by a decrease in its Infrastructure Levy by the same sum. This results in a combined flat levy impact for the street improvement program for a seventh consecutive year. CAPITAL FUNDS The 2026 Capital Improvement Program (CIP) levy was proposed to decrease by $120,000. This includes the scheduled increase of $30,000, offset by the application of $150,000 levy relief funds as previously described. The 2026 Building Improvement levy is proposed to increase by $15,000 and the Park Improvement levy is proposed to increase $10,000. These moderate levy increases are recommended to plan for expenses in capital improvement plans. The council reviewed and approved the Capital Improvement Plan and levy relief funding options on October 28 ,2025, approving the 2026 appropriation of $705,866 as detailed below. Tax Levy, 75% Licenses, Permits, & Fines, 5% Intergov't Revenue, 10% Contracts, 3% Miscellaneous, 2% Transfers, 5% GENERAL FUND REVENUES 7