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The City Council voted 7-0 to direct staff to prepare the Fiscal Year 2027 budget and Tax Year 2026 property tax rate using the De Minimis Tax Rate for General Fund operations, while shifting eligible financing obligations to the Debt Service Fund. The Council also approved the purchase of 109 SW 1st Street by a 7-0 vote.
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The adopted financial strategy guides staff as they develop next year’s budget and property tax rate; it does not itself set the final tax rate. The Council approved changes to dangerous-building abatement processes and adopted an updated investment policy, both by 7-0 votes. It also authorized the City’s purchase of 109 SW 1st Street.
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