July 20, 2026 City Council Budget Workshop Agenda Packet.ada

July 20, 2026 City Council Budget Workshop: Governmental Funds and Internal Services · 2026-07-20 · agenda_packet

This document is an agenda for a City Council Work Session on July 20, 2026, to discuss the Fiscal Year 2026-2027 budget process for Governmental Funds and Internal Services. Key discussion points include budget guiding principles, revenue and expenditure drivers, fund summaries, and the TRIM notice timeline. A significant area of uncertainty is a pending proposal to increase property tax exemptions, which could materially reduce future ad valorem revenues. The City has engaged Raftelis Financial Consultants, Inc. to assist with a financial forecasting and sustainability analysis related to this proposal. Staff recommends maintaining sufficient millage capacity and a conservative revenue posture for the upcoming fiscal year to support existing service levels, address cost pressures, and strengthen General Fund reserves. No final budget action is requested; Council feedback will guide staff in refining the budget. The document also lists upcoming meeting dates for Regular Sessions and a Final Budget Workshop.