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The City Council adopted the Fiscal Year 2026 budget adjustments, personal property tax exemption, and senior double exemption, while adopting tax rates of $13.28 for residential property and $29.06 for commercial, industrial, and personal property under a recorded Fiscal Year 2025 motion. A competing Fiscal Year 2026 rate proposal of $13.30 and $28.98 was defeated 3-7.
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The council approved several tax-related measures and requested reports on taxing properties with nine or more units, gradually narrowing the residential and commercial tax-rate gap, and creating a small-business tax exemption. It also ordered reports on the potential effects of housing cuts, shelter capacity for unhoused residents, snow operations, and neighborhood power outages. Two residents, Stephanie Pasha and Ronald Waddell, were elected to the Library Board of Directors for terms ending December 31, 2031.
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