COUNCIL ADOPTS TENTATIVE BUDGET FOR FY 2025-2026: At the June 10th meeting, the City Council received a presentation from our City Manager and staff on the proposed tentative budget for FY 2025-2026. The total proposed budget is $57,562,961.00 that includes $15 million in anticipated grant funding and a restricted fund balance of $3 million. Projected revenue growth from city sales tax remains conservative at 2.5% annually. After discussion and questions, the tentative budget was unanimously adopted by the Council.
The City’s budget continues to reflect the commitment of your Council and City staff to building a strong economic foundation for the future. We remain focused on upgrading our aging infrastructure, enhancing quality of life for residents, and expanding our housing stock to support sustainable growth.
General Fund Revenue Proposed Budget projections are as follows:
Sales Tax: $11,143,359.00
License & Permits: $703,980.00
State Shared Revenues: $3,450,902.00
Franchise Fees: $360,000.00
Charges for Service: $909,500.00
Fines & Forfeitures: $203,774.00
Misc Revenues: $1,256,517.00
Contributions: $1,000.00
Fund Balance Carry Forward: $4,298,938.00.
General Fund Expenses by Department:
Council: $415,560.00
Community Groups (Bed Tax): $250,000.00
Administration: $5,148,155.00
Fire: $4,290,488.00
Police: $6,524,691.00
Magistrate: $568,245.00
Public Works: $2,555,250.00
Museum: $408,514.00
Economic Development: $750,146.00
Community Center Pool: $359,201.00
Community Development: $508,224.00
Fleet Maintenance: $239,511.00
Enterprise Budget and Funds by Category:
Street Funds (HURF-Excise Tax-Bridge): $6,666,312.00
Water Fund: $8,615,469.00
Sewer Fund: $4,374,647.00
General Fund Property Tax and Levy. Projections show an increase in property tax levy from $538,328.00 to $541,935.00. This increase is due to increases in new construction only. Our primary property tax rate will be decreased from $1.2221 to $1.1892 per $100K valuation, keeping our tax levy the same as last year, showing no increase in property taxes to our residents in FY 2026 as promised.
GENERAL FUND CONTINGENCY RESERVE POLICY: Council adopted a General Fund Contingency Reserve Policy in the amount of $3 million to ensure the city remains a financially stable organization by maintaining appropriate reserves. Adequate reserves protect the city from unanticipated funding needs caused by; significant economic downturns, consequences of outside agency actions, emergencies, such as natural disasters or catastrophic events. This policy also allows flexibility for unforeseen opportunities that allow the city to leverage reserves for long-term benefits.
RUIZ CANYON BRIDGE: Councilman Mike Pastor provided a background packet to the council and staff detailing the history of what is commonly referred to as Connie’s Bridge. To compile the information, Councilman Pastor spoke with numerous long-time residents of the neighborhood. After reviewing the materials and engaging in discussion, the council unanimously voted to name the new bridge “Ruiz Canyon Bridge.”
COFFEE WITH THE MAYOR: Join us for Coffee with the Mayor on the third Wednesday of each month at 1 p.m., hosted by Copper Cities Coffee, located at 1100 N. Broad St., Suite F. This is a great opportunity for residents to meet with the mayor, ask questions, and receive the most up-to-date and accurate information on city projects - past, present, and upcoming. Special thanks to Copper Cities Coffee for graciously hosting this event.
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