Property Tax Levy and Tax Cap Override

At a glance

• What: The proposed FY2027 budget assumes a property tax levy increase of about 15 percent, which needs a tax cap override. Members compared it with an increase of roughly 5 percent that would not need an override.
• Where it stands: One member proposed a 9.9 percent increase paired with about $4.7 million in cuts and a one-time bridge; others rejected using one-time revenue for recurring costs. Members said at least eight votes are needed. No vote.
• Next: More committee work on cuts; adoption votes are scheduled November 23 and 30 (see FY2027 city budget adoption).

Sources

• Meeting recording captions, November 9, 2026: https://www.youtube.com/watch?v=0X2u_G9UWbk

Log

2026-11-09 - Finance, Assessment & Taxation Committee Meeting

Levy options and the override debated as above. No vote.

2026-11-04 - Finance, Assessment & Taxation Committee Meeting

The budget office's filing put the proposed levy $6,408,757 over the tax cap limit; members discussed a lower increase (about 9 percent) against the 15 percent proposed. No vote.