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The City Council voted 4-3 to authorize a fiscal year 2026 budget resolution using a 1.24 mill property tax rate without an additional LCEC franchise fee. Staff identified $4,873,719 in proposed reductions, with another $607,399 gap tied to safety initiatives and potential personnel reductions.
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The direction keeps the property tax rate at the neutral 1.24 mills rather than raising it to 1.29 mills or adding a 3% franchise fee. City staff will prepare the budget resolution for a first reading on September 8, 2025, and may return with proposed spending additions or cuts after recalculating the city spending cap.
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