PILLAR: Fiscally Sound
AGENDA DATE: August 25, 2026
COUNCIL DISTRICT(S): N/A
DEPARTMENT: Budget and Management Services
PRIORITY: N/A
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SUBJECT
Title
Authorize (1) a public hearing to be held on Wednesday, September 16, 2026 to receive comments on a proposed tax rate; and (2) a proposal to consider adoption of a $0.6978 per $100 valuation tax rate, or a lower rate as may be proposed by the City Council for the 2026-27 fiscal year on Wednesday, September 16, 2026 - Financing: No cost consideration to the City
Body
BACKGROUND
The City Manager's recommended FY 2026-27 budget as discussed on August 11, 2026 includes a tax rate of $0.6978/$100. The proposed rate reflects a reduction of $0.0010/$100 and reduces revenue to the City by $2.3 million.
Notice of Tax Rates
Proposed tax rate: $0.6978/$100
No-New-Revenue tax rate: $0.662063/$100
Voter-Approval tax rate: $0.706325/$100
To set a tax rate above the FY 2026-27 calculated No-New-Revenue tax rate of $0.662063 per $100 valuation, State law requires the following:
? Specify a proposed tax rate; take a record vote, and schedule a public hearing (August 25, 2026);
? Publish "Notice of 2026 Tax Year Proposed Tax Rate" at least seven days before the public hearing (September 9, 2026);
? Publish the notice in the newspaper and prominently on the City's internet website;
? Hold a public hearing; and the meeting to adopt the tax rate (September 16, 2026).
To enhance transparency, the City will publish a notice of the proposed tax rate in the newspaper and conduct a public hearing on September 16, 2026 and adopt the proposed tax rate on the same day, September 16, 2026.
PRIOR ACTION/REVIEW (COUNCIL, BOARDS, COMMISSIONS)
The City Council was briefed on the "City Manager's Recommended Biennial Budget for FY 2026-27 and FY 2027-28" on August 11, 2026.
The City ...
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