Title
Hold a public hearing on the proposed Fiscal Year 2026 Annual Budget.
Body
DATE: August 19, 2025
TO: Kent Cagle, City Manager
FROM: Judith Tangalin, Executive Director of Finance
SUBJECT: Hold a Public Hearing on the FY 2026 Proposed Annual Budget
BACKGROUND AND FINDINGS:
On July 1, 2025, the FY 2026 Proposed Budget was delivered to City Council. On July 22, 2025, a public hearing on the proposed budget was held. On July 29, 2025, the no-new-revenue rate (0.6487) and voter-approval rate (0.7015) were received. On August 5, 2025, City Council approved a resolution to set the preliminary ad valorem tax rate at 0.7014. Also on August 5, 2025, a motion of direction was given to make the change listed below:
General Fund
Revenues
Expenses
FY 2026 Proposed Budget
$130,848,166
$130,848,166
Add: Property Tax
2,499,289
-
Add: 1% COLA/Comp Plan Implementation
-
628,106
Add: Traffic Signal Inventory & 5 Year Maint Plan
-
663,000
Add: PD 4 Officers & 1 Sergeant
-
522,577
Add: Assistant City Manager
-
281,584
Add: FD Deputy Chief
-
169,306
Add: Transfer to IT Fund for New FTE
-
113,253
Add: Municipal Court Bailiff
-
63,724
Add: Children's Advocacy Center
-
41,500
Add: PD Body Armor
-
39,202
Add: PD Field Training Officer Incentive Pay Inc
-
37,087
Add: FD Reclass Captain to Battalion Chief
-
12,772
Add: FD Arson Investigator Assignment Pay Inc
-
7,428
Reduce: City Council Travel & Training
-
(80,250)
New Total
$133,347,455
$133,347,455
Debt Service Fund
Revenues
Expenses
FY 2026 Proposed Budget
$20,207,374
$21,087,558
Add: Property Tax
189,367
-
New Total
$20,396,741
21,087,558
Hotel Occupancy Tax Fund
Revenues
Expenses
FY 2026 Proposed Budget
$3,110,515
$3,110,515
Add: Interest Income
8,906
-
Add: 1% COLA/Comp Plan Implementation
8,906
New Total
$3,119,421
$3,119,421
Court Building Security Fund
Revenues
Expenses
FY 2026 Proposed Budget
$80,490
$81,988
Add: 1% COLA/Comp Plan Implementation
713
New Total
$80,490
$82,70...
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