D. Councilmember Bagby

May 18, 2026, Regular City Council Meeting · 2026-05-18 · agenda_item

This item concerns preliminary budget discussions for the upcoming fiscal year. The City Council is reviewing potential operational budget reductions of 2% to 3% and considering changes to employee compensation, such as Cost of Living Adjustments (COLA) policy and possible merit stipends instead of raises. The property valuation is estimated to have a 1.1% increase, which is described as essentially flat. These discussions are in the early planning stages and may lead to future budget decisions. The scope of work is not yet defined, but potential budget adjustments could impact various city services and operations. Local contractors, suppliers, and service providers should monitor future council meetings for specific budget allocations and project announcements that may arise from these discussions.

property valuation increase

1.1 %

potential reductions in operations budget

2 to 3%