Finance committee approves budget items
At a glance
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The Committee on Finance met at City Hall for budget adoption and approved a series of fiscal-year 2027 budget, contract, capital, and tax interest resolutions.
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What this means
The committee approved several budget-related items for fiscal year 2027, including the city’s spending plan, contract budget, capital budget changes, and community development program. It also approved resolutions setting interest rates for unpaid property taxes and certain installment payment agreements. For residents, this means the next city budget and related funding decisions moved forward from committee for further council action.
Key decisions
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- Approved the fiscal year 2027 expense budget
- Approved the fiscal year 2027 contract budget
- Approved fiscal year 2027 capital budget changes
- Approved the proposed city fiscal year 2027 community development program
- Approved resolutions setting fiscal year 2027 interest rates for non-payment of property taxes and related installment agreements
- Approved funding designation changes in the expense budget
- Approved additional communications and companion resolutions related to the fiscal year 2027 budget actions
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