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The City Council unanimously adopted a 35% residential property-tax exemption and a 0.9054 residential factor for fiscal year 2026. The change is a budget-neutral tax shift intended to reduce the tax burden for owner-occupied homes, not reduce total city tax revenue.
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Eligible owner-occupied homeowners will receive a larger share of the residential tax benefit, while the overall amount collected by the city is expected to remain unchanged. The Council also approved a one-year cost-of-living increase for department heads, affecting 16 people, by a 7-4 vote. Several business, lodging-house, and extended-hours licenses were approved, and the Council entered executive session to discuss possible litigation related to grants.
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