City Council Special Meeting: Budget Adoption

Melissa Shinaberryclerkby voicecouncil member McQuillan aye motion passed unanimously we'll go to the last agenda item for tonight which is a consideration and appropriation of the FY 2027 budget and including all sub budgets contained therein together with the FY 2027 schedule of rates and levies the FY 2027 through 2031 capital improvement program and the establishment of the corresponding real estate tax rate and the personal property tax rates I'll recognize JC Martinez our assistant city manager and chief financial officer to provide the staff report

JC Martinezstaffthank you mayor council the attached package includes the staff recommendations recommended recommended procedures for one adoption of the FY 27 budget including the FY 27 schedule of rates and levies and the FY 27 through 31 capital improvement program to the establishment of the corresponding real estate and personal property tax rates and three the appropriation of all fy 27 budget funds

Stacey Hardy-ChandlerI move to adopt the general fund capital fund wastewater fund stormwater utility fund cable grant fund old town service district fund transit fund transportation tax fund and debt service fund FY 2027 as presented by the city manager together with the proposed fy 2027 schedule of rates and levies the fy 2027 through 2031 capital improvement program the fy 2027 health benefit contribution rates attachment to a two percent market rate adjustment to general pay scales effective july 1 2026 a one percent cost of living adjustment cola for general employees effective july 1st 2026 a two percent cola for public safety employees effective july 1st 2026 a three percent salary adjustment increase effective january 1 2027 for eligible general skill employees and the