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The committee did not vote on whether to place a $5.4 million property-tax override on the February 10, 2026 ballot. Staff said the proposal could mean an average $360 annual increase for a single-family home assessed at $666,000, while helping stabilize the budget and maintain city services.
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The Finance Committee will hold additional meetings before deciding whether to recommend the ballot question. Members are reviewing possible tax increases, spending reductions, furloughs, fees, economic development, grants, and property-tax relief options. Staff estimated that a 15% workforce reduction could eliminate nearly 60 positions, including positions in the library, public works, fire, police, and general government. The committee also approved the August 28, 2025 meeting minutes unanimously.
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