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The Budget & Appropriations Committee recommended favorably, with amendment, an ordinance to increase the homestead tax credit percentage for the taxable year beginning July 2026. The committee also placed the Fiscal Year 2027 Ordinance of Estimates on the agenda for public hearing. Four members were present and one was excused.
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Committee members voted to move forward an ordinance that would raise the homestead tax credit percentage starting July 2026; that credit reduces the taxable portion of a homeowner’s property value, which can lower bills. The city’s FY2027 spending plan (the Ordinance of Estimates) was scheduled for a public hearing but no final vote on the budget is recorded in these minutes, so residents should expect further meetings before final appropriations are set.
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26-0151 & 26-0188 (Agency Budget Hearing - Courts)
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