Special Budget City Council Packet 09 -15-2025*.;:City oElRver
CALL MEETING TO ORDER
City Council
Special Budget Meeting
Agenda
1.1 City Council Special Budget Meeting Notice
2. 2026 BUDGET
2.1 2026 Budget Discussion
MOTION TO ADJOURN REGULAR MEETING
Monday, September 15, 2025
4:00 PM
Elk River City Hall
Page 1 of 12
1-.Aver
Notice City Council Special Budget Meeting Notice
Calling Special Meeting for Monday, September 15,
2025, 4:00 p.m.
Elk River City Hall
13065 Orono Parkway
Elk River, MN 55330
The purpose of the meeting is as follows:
I, John J. Dietz, Mayor, hereby request a special meeting of the City Council on Monday,
September 15, 2025, at 4:00 p.m.
• The purpose of the meeting is to discuss the 2026 budget.
In accordance with State Statute, I hereby request the city clerk to post this notice at least
three days prior to the scheduled meeting date. I further request the city clerk to notify each
member of the City Council of the special meeting, in writing, at least one day before the
meeting.
Joh Diet ayor Date
I HEREBY CERTIFY, that this notice has been posted and that I have served this notice
upon the members of the City Council at least one day prior to the above -called special
meeting. In accordance with State Statute, this notice will be posted at least three days prior
to the meetiniz date.
Tina Allard, City Clerk
Date
PO/EOE0 0r
I� ATURE-
Page 2 of 12
Request for Action
City of
Elk River
To
City Council
Meeting Date
September 15, 2025
Item Description
2026 Budget Discussion
Action Requested
Discuss the 2026 Budget.
Item Number
2.1
Prepared By
Joe Stremcha, Business Services Director/Assistant
City Administrator
Reviewed by
Joe Stremcha
Cal Portner
Tina Allard
Background/Discussion
Staff presented department budgets during the Work Sessions on July 25 and September 2.
Financial Impact
The 2026 tax levy.
Mission/Policy/Goal
Responsible for every dollar - good stewards.
Attachments
I. 2025-2026 rev-exp comparison
2. 2025 Budget Finance Admin Staffing Breakout
3. 2025 Fire Personnel Request
4. 2026 Tax Levy
5. 2026 Preliminary Levy Resolution
6. General Fund Budget Preliminary
7. 2026 Estimated Tax Impact
8. 2026 preliminary tax levy
The Elk River Vision
A nvelcoming community zvitb revolutionary and spirited resourcefulness, exceptional service, and community p 0 M E R E 0 @INATURE]f
engagement that encourages and inspiresprosperity 12
2024
6/30/2025
2025
2026
INCREASE/
%
ACTUAL
YTD
BUDGET
BUDGET
(DECREASE)
CHANGE
12/31/2024
6/30/2025
12/31/2025
12/31/2026
TAXES
101-3-0000-3111
Current Ad Valorem Taxes
14,819,897
5,616,859
15,626,050
16,864,450
1,238,400
7.9%
101-3-0000-3121
Gravel Tax
168,050
15,290
225,000
220,000
(5,000)
-2.2%
Total Taxes
15,055,586
5,635,539
15,851,050
17,084,450
1,233,400
7.8%
LICENSES
&
PERMITS
101-3-0000-3211
Liquor License
82,520
82,121
82,000
85,000
3,000
3.7%
101-3-0000-3212
THC License
4,000
650
5,000
5,000
0
0.0%
101-3-0000-3213
Cigarette License
3,800
150
4,000
4,000
0
0.0%
101-3-0000-3214
Rental License
47,880
17,400
65,000
65,000
0
0.0%
101-3-0000-3216
Mining License
26,888
27,006
26,000
27,000
1,000
3.8%
101-3-0000-3217
Garbage Hauler License
3,335
580
2,500
2,500
0
0.0%
101-3-0000-3218
Other Business License/Permit
21,628
9,050
16,000
18,000
2,000
12.5%
101-3-0000-3229
NPDES Permit
16,800
9,625
23,000
17,000
(6,000)
-26.1%
101-3-0000-3231
Building Permit
432,043
334,652
550,000
550,000
0
0.0%
101-3-0000-3232
Plum bing/Heati ng Permit
113,621
132,890
175,000
180,000
5,000
2.9%
101-3-0000-3233
Permit Surcharge
3,088
3,510
700
700
0
0.0%
101-3-0000-3235
Animal License
450
325
0
500
500
0.0%
101-3-0000-3237
Other Non -Business Lic/Permit
12,942
32,664
25,000
30,000
5,000
20.0%
Total Licenses & Permits
768,995
650,623
974,200
984,700
10,500
1.1%
INTERGOVERNMENTAL
REVENUES
101-3-0000-3322
MV Credit
5,360
0
6,000
6,000
0
0.0%
101-3-0000-3323
Fire State Aid
329,633
0
275,000
300,000
25,000
9.1%
101-3-0000-3325
Police 2%Aid
414,088
0
414,000
425,000
11,000
2.7%
101-3-0000-3326
Police Training Reimb
31,423
0
35,000
35,000
0
0.0%
101-3-0000-3329
State Crime Prevention Grant
128,329
28,114
48,000
50,000
2,000
4.2%
Total Intergovernmental Revenues
921,230
41,903
778,000
816,000
38,000
4.9%
CHARGES FOR SERVICES
101-3-0000-3412
Planning & Zoning Fees
29,435
22,277
25,000
25,000
0
0.0%
101-3-0000-3413
Plan Check Fee
184,004
158,814
230,000
230,000
0
0.0%
101-3-0000-3415
Special Assessment Search
210
150
500
500
0
0.0%
101-3-0000-3417
Copies
1,284
677
1,500
1,500
0
0.0%
101-3-0000-3430
Lockout Fees
2,228
880
3,500
3,000
(500)
-14.3%
101-3-0000-3431
Police Services
50,692
5,275
46,000
50,000
4,000
8.7%
101-3-0000-3432
School Liaison
195,965
194,021
185,000
200,000
15,000
8.1%
101-3-0000-3434
Animal Impound Fee
500
550
500
500
0
0.0%
101-3-0000-3436
Fire Contracts
470,798
253,422
465,750
480,050
14,300
3.1%
101-3-0000-3437
Fire Services
7,009
0
3,000
5,000
2,000
66.7%
101-3-0000-3451
Street Services
37,738
16,944
35,000
35,000
0
0.0%
101-3-0000-3452
Engineering Services Reimb
11,999
0
20,000
20,000
0
0.0%
101-3-0000-3461
Recreation Fees
49,424
35,332
52,500
52,500
0
0.0%
101-3-0000-3462
Sr Center Activities
46,450
27,924
47,500
55,500
8,000
16.8%
101-3-0000-3463
Farmer's Market
57,987
28,378
15,000
15,000
0
0.0%
101-3-0000-3469
Elk RiverFest
23,028
6,590
20,000
15,000
(5,000)
-25.0%
101-3-0000-3472
Park Use Fee
83,509
44,140
76,900
77,000
100
0.1%
101-3-0000-3483
Sewer inspection Fee
17,515
7,630
15,000
15,000
0
0.0%
101-3-0000-3484
Contractor License Check
1,060
580
1,200
1,200
0
0.0%
Total Charges for Services
1,271,008
803,724
1,243,850
1,281,750
37,900
3.0%
FINES
& FORFEITS
101-3-0000-3510
Court Fines
173,459
66,586
155,000
170,000
15,000
9.7%
Total Fines & Forfeits
176,559
66,586
155,000
170,000
15,000
9.7%
OTHER REVENUE
101-3-0000-3621
Interest Income
235,657
69,523
175,000
200,000
25,000
14.3%
101-3-0000-3625
Refunds & Reimbursements
199,996
248,667
150,000
175,000
25,000
16.7%
101-3-0000-3626
Contributions
26,250
26,000
26,000
27,000
1,000
3.8%
101-3-0000-3629
Miscellaneous Revenue
15,298
5,712
10,000
12,000
2,000
20.0%
Total Other Revenue
477,201
349,901
361,000
414,000
53,000
14.7%
TRANSFERSIN
101-3-0000-3926
Transfer -Capital Outlay Resery
97,500
0
95,000
89,000
(6,000)
-6.3%
101-3-0000-3942
Transfer-WWTS
175,000
0
180,000
187,200
7,200
4.0%
101-3-0000-3943
Transfer -Liquor
1,000,000
0
850,000
850,000
0
0.0%
101-3-0000-3944
Transfer -Garbage
58,000
0
60,000
62,400
2,400
4.0%
101-3-0000-3945
Transfer -Utilities
1,400,000
583,620
1,450,000
1,500,000
50,000
3.4%
101-3-0000-3946
Transfer-Stormwater
135,000
0
125,000
130,000
5,000
4.0%
101-3-0000-3948
Transfer-EDA
46,000
0
48,000
49,900
1,900
4.0%
101-3-0000-3949
Transfer-HRA
37,500
0
39,000
40,550
1,550
4.0%
Total Transfers In
2,953,568
583,620
2,847,000
2,909,050
62,050
2.2%
Total Revenues 21,724,060 8,131,896 22,210,100 23,659,950 1,449,850 6.5%
Page 4 of 12
2025
2026
Increase/
%
BUDGET
PRELIMINARY
(Decrease)
Change
12/31/2025
12/31/2026
PERSONNEL SERVICES
Total 4101-Regular Pay
11,540,150.00
12,125,050.00
584,900
5.1%
Total 4102-Overtime Pay
263,500.00
263,500.00
0
0.0%
Total 4103-Part-time Pay
712,500.00
848,000.00
135,500
19.0%
Total 4104 - PERA
1,394,700.00
1,488,050.00
93,350
6.7%
Total4105 - FICA
472,650.00
489,850.00
17,200
3.6%
Total 4106- Other Retirement Contr
305,000.00
330,000.00
25,000
8.2%
Total 4107-Medicare
181,500.00
191,350.00
9,850
5.4%
Total 4108-Insurance
1,658,750.00
1,734,750.00
76,000
4.6%
Total4109 - Workers Comp
470,250.00
499,650.00
29,400
6.3%
Total4110 - Unemployment Benefits
0.00
0.00
0
0.0%
Total 4112 - PFML
0.00
65,100.00
65,100
0.0%
Total 4334-CarAllowance
9,600.00
9,600.00
0
0.0%
Total Personnel Services
16,999,000.00
18,044,900.00
1,045,900
6.2% *requested positions are still in here
SUPPLIES
Total 4201-Office Supplies
35,250.00
21,700.00
(13,550)
-38.4%
Total4212 - Fuels & Lubes
273,500.00
268,650.00
(4,850)
-1.8%
Total4217 - Uniform Allowance
109,400.00
113,550.00
4,150
3.8%
Total 4219- Operating Supplies
768,200.00
812,700.00
44,500
5.8%
Total 4221- Equipment Parts
176,800.00
181,800.00
5,000
2.8%
Total 4226- Sign Materials
31,000.00
32,000.00
1,000
3.2%
Total Supplies
1,394,150.00
1,430,400.00
36,250
2.6%
SERVICES & CHARGES
Total 4301-Audit Fees
23,000.00
23,000.00
0
0.0%
Total4303 - Engineering Fees
0.00
1,500.00
1,500
0.0%
Tota14304 - Legal Fees
300,000.00
340,000.00
40,000
13.3%
Total 4319- Other Professional Services
178,750.00
211,800.00
33,050
18.5%
Total 4321-Telephone
82,500.00
92,350.00
9,850
11.9%
Total 4322-Postage
13,100.00
12,350.00
(750)
-5.7%
Total 4331- Travel, Conferences &Schools
217,550.00
211,400.00
(6,150)
-2.8%
Total 4349-Advertising/Marketing
8,000.00
8,000.00
0
0.0%
Total 4359-Publishing
19,200.00
18,750.00
(450)
-2.3%
Total 4361-Insurance
269,450.00
296,300.00
26,850
10.0%
Total 4389-Utilities
562,800.00
540,600.00
(22,200)
-3.9%
Total 4401- Bldg Repair/MaintServices
193,350.00
199,550.00
6,200
3.2%
Total 4404-Equip Repair/MaintServices
688,600.00
921,150.00
232,550
33.8%
Total 4409- Contractual Services
373,800.00
431,400.00
57,600
15.4%
Total4412 - Building Rent
5,000.00
5,500.00
500
10.0%
Total4415 - Equipment Rental
25,500.00
34,100.00
8,600
33.7%
Total 4433- Dues &Subscriptions
81,050.00
105,900.00
24,850
30.7%
Total 4437 - Taxes & Licenses
850.00
1,850.00
1,000
117.6%
Total 4438-Credit Card Fees
41,250.00
61,000.00
19,750
47.9%
Total 4440-Miscellaneous
16,250.00
14,500.00
(1,750)
-10.8%
Total4460 - Equip Replacement Charge
509,000.00
539,550.00
30,550
6.0%
Total4462 - IT Equip Charge
88,450.00
114,100.00
25,650
29.0%
Total Services & Charges
3,707,050.00
4,184,650.00
477,600
12.9%
CAPITAL OUTLAY
Total 4560-Equipment
0.00
0.00
0
0.0%
Total4570 - Lease Expenditure
26,400.00
0.00
(26,400)
-100.0% *JE to move here from 4404 after auditors review
Total 4602- Principal Payment -Lease
83,500.00
0.00
(83,500)
-100.0% *budgeted in4404-JEafter audit
Total 4612- Interest Expense -Lease
0.00
0.00
0
0.0%
Total Capital Outlay
109,900.00
0.00
(109,900)
-100.0%
GENERAL FUND TOTAL
22,210,100.00
23,659,950.00
1,449,850
6.5%
Page 5 of 12
2026 BUDGET
PERSONNEL REQUESTS
BUSINESS SERVICES / ADMINISTRATION
Department:
Finance
Finance
Administration
Payroll Specialist
Front Desk
Position:
Accountant
(to FT Finance)
(to FT)
4101
Regular Pay
91,185
35,191
50,684
4102
Overtime Pay
4103
Part -Time Pay
4104
PERA
6,839
2,639
3,801
4105
FICA
5,653
2,182
3,142
4107
Medicare
1,322
510
735
4108
Insurance
17,861
7,144
18,754
4109
Workers Comp
436
169
278
123,296
1 47,835
1 77,394
Total Personal Services
Additional Costs:
4217
Uniform Allowance
4219
Supplies
4331
Training/License
4361
Auto insurance
4560
Equipment -vehicle
Total Additional Costs
-
-
-
Total Position Requests
123,296
47,835
77,394
Administration
Building Safety
GENERAL
FUND
Recreation/Finance
Assistant
Front Desk
(Current staffing)
Permit Tech
(to PT)
TOTAL NET
(45,869)
(3,440)
(2,844)
(665)
(2,380)
193
(82,617)
(6,196)
(5,122)
(1,198)
(18,754)
405
(31,185)
(2,339)
(1,933)
(452)
(18,893)
125
17,389
1,304
1,078
252
3,732
160
(55,391)
(114,292)
(54,927)
23,915
(55,391)
(114,292)
(54,927)
23,915
*increase 32 hr/pp *to Liquor in Sept *Payroll Spec/HR Ass:
*These positions are included in General Fund budget **These are reductions to General Fund budget (included in current budget)
Page 6 of 12
2026 BUDGET
PERSONNEL REQUESTS
FIRE
GENERAL
Department:
Fire
Fire
FUND
Community Risk
Admin. Asst.
Position:
Reduction Specialist
(to PT)
TOTAL
4101
Regular Pay
81,974
(26,035)
55,939
4102
Overtime Pay
-
4103
Part -Time Pay
-
4104
PERA
14,509
(1,953)
12,556
4105
FICA
(1,614)
(1,614)
4107
Medicare
1,189
(378)
811
4108
Insurance
18,754
(18,754)
-
4109
Workers Comp
5,207
(104)
5,103
121,633
-
(48,838)
-
72,795
Total Personal Services
Additional Costs:
4217
Uniform Allowance
800
800
4219
Supplies
-
4331
Training/License
4361
Auto insurance
4560
Equipment - vehicle
Total Additional Costs
800
-
800
Total Position Requests
122,433
-
(48,838)
-1
73,595
'Both are included in current budget
Page 7 of 12
2026 PRELIMINARY TAX LEVY
Levied
Levied
Levied
Preliminary
Tax Levy
Pay 2023
Pay 2024
Pay 2025
Pay 2026
General Fund
$13,893,000
$14,917,700
$15,626,050
$16,864,450
Library
75,000
79,000
79,000
84,550
$13,968,000
$14,996,700
$15,705,050
$16,949,000
General Property Tax Levy
Special Levies:
Debt Service -
2010A PS Building
-
-
2020A - PS Building Expansion
606,346
608,709
604,771
600,046
2020B Refunding - PW Building
-
-
-
-
2021A - Fire Station 3/Equip.
389,135
392,023
394,123
387,823
Economic Development Tax Abatement
131,475
139,900
140,239
160,205
Government Building Reserve
-
-
Total Levy
$15,094,956
$16,137,332
$16,844,183
$18,097,074
General Fund Change from Previous Year
$783,700
$1,024,700
$708,350
$1,238,400
Percentage Change from Previous Year
6.0%
7.4%
4.7%
7.9%
Total Dollar Change from Previous Year
$1,209,256
$1,042,376
$706,851
$1,252,891
Change
8.7%1
6.9%1
4.4%1
7.4%
NTC Value $38,101,440
Tax Rate 39.618%
Increase in NTC 20.6%
$42,584,195
$43,298,194
37.895%
38.903%
11.8%
1.7%
$43,298,194
41.796%
0.0%
*2026 amount $421,780
*2025 added Beaudry
Page 8 of 12
—=_ City of Elk River
ver City Council
Resolution 2S-
A Resolution of the City Council of the City of Elk River Adopting the
Preliminary Property Tax Levy for Taxes Payable in 2026
WHEREAS, the Elk River City Council is required to establish a preliminary tax levy for
taxes payable in 2026 by September 30, 2025, and certify the preliminary tax levy to the
Sherburne County Auditor;
WHEREAS, the Elk River City Council has reviewed the City's anticipated expenditures
for all funds in 2026;
WHEREAS, the Elk River City Council has considered projected revenues for all funds in
2026;
WHEREAS, revenues from sources other than property taxes are not sufficient to meet
anticipated expenditures of all funds;
WHEREAS, debt levies have been adjusted or cancelled based on revenue collections and
projections.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Elk
River, Minnesota, as follows: The following amounts are the maximum to be levied as
property taxes payable in 2026:
Levy
General Fund $16,864,450
Library 84,550
2020A GO CI P Bond 600,046
2021A GO CIP/Equipment Bond 387,823
Economic Development Tax Abatement 160,205
Total Tax Levy $18,097,074
Passed and adopted this 15th day of September, 2025.
John J. Dietz, Mayor
ATTEST:
Tina Allard, City Clerk
P G w I: H t o 0 f
NATUREI
Page 9 of 12
General Fund Revenues:
Property taxes
Othertaxes
Licenses & Permits
Intergovernmental Revenues
Charges for Services
Fines
Other Revenues
Other Financing Source - Lease
Transfers In
Total General Fund Revenues
General Fund Expenditures
General Government:
Mayor & Council
Communications
Administrative Services
Human Resources
Elections
Finance
Information Technology
Legal
Community Dev/Planning
Facilities Maintenance
Energy City
Total General Government
Public Safety:
Police
Fire
Building Safety
Code Enforcement
Environmental
Total Public Safety
Public Works:
Street Maintenance
Snow Removal
Equipment Services
Engineering
Total Public Works
Culture & Recreation:
Park Maintenance
Recreation
Sr. Citizen Programs
Total Culture & Recreation
Transfers Out
Total General Fund Expenditures
CITY OF ELK RIVER
2026 PRELIMINARY BUDGET
GENERAL FUND
2023
2024
2025
6/30/2025
2026
ACTUAL
ACTUAL
BUDGET
ACTUAL
PRELIMINARY
13,785,282
14,887,537
15,626,050
5,620,248
$16,864,450
156,365
168,050
225,000
15,290
220,000
976,260
768,995
974,200
650,623
984,700
706,917
921,230
778,000
41,903
816,000
1,210,808
1,271,008
1,243,850
803,724
1,281,750
169,910
176,559
155,000
66,586
170,000
445,610
477,201
361,000
349,901
414,000
-
99,914.00
-
-
-
3,202,249
2,953,568
2,847,000
583,620
2,909,050
20,653,401
21,724,062
22,210,100
8,131,895
23,659,950
196,879
196,900
233,000
90,787
243,150
436,535
461,967
522,150
243,823
554,850
691,952
732,615
727,050
317,814
722,950
398,243
433,692
456,150
204,885
471,650
6,280
76,300
6,800
6,306
53,550
733,973
822,161
850,250
439,512
1,040,450
617,017
814,783
748,200
282,049
846,850
288,808
334,342
300,000
116,579
340,000
460,952
489,137
504,750
250,250
516,950
1,054,680
1,087,119
1,151,350
499,172
1,165,950
56,284
21,268
40,200
0
0
4,941,603
5,470,284
5,539,900
2,451,177
5,956,350
7,190,412
7,847,040
8,028,300
3,642,382
8,635,300
1,979,598
2,103,602
2,096,450
819,856
2,213,550
572,772
621,274
648,400
285,530
614,200
116,261
123,987
132,900
58,916
142,150
128,842
125,041
57,800
28,699
77,050
9,987,885
10,820,944
10,963,850
4,835,383
11,682,250
1,532,241
1,500,154
1,778,350
686,274
1,885,900
338,473
263,917
380,650
224,361
398,200
363,728
402,213
428,700
193,827
465,400
464,372
408,497
382,100
166,330
411,300
2,698,814
2,574,781
2,969,800
1,270,792
3,160,800
1,558,303
1,649,764
1,736,000
701,565
1,779,650
773,426
785,316
784,500
330,684
808,450
178,074
203,726
216,050
98,928
272,450
2,509,803
2,638,806
2,736,550
1,131,177
2,860,550
$20,138,105
$21,504,815
$22,210,100
$9,688,529
$23,659,950
% of
Increase/
%
Budget
(Decrease)
Change
71.3%
$1,238,400
7.9%
0.9%
($5,000)
-2.2%
4.2%
$10,500
1.1%
3.4%
$38,000
4.9%
5.4%
$37,900
3.0%
0.7%
$15,000
9.7%
1.7%
$53,000
14.7%
0.0%
$0
0.0%
12.3%
$62,050
2.2%
100.0%
$1,449,850
6.5%
1.0%
10,150
4.4%
2.3%
32,700
6.3%
3.1%
(4,100)
-0.6%
2.0%
15,500
3.4%
0.2%
46,750
687.5%
4.4%
190,200
22.4%
3.6%
98,650
13.2%
1.4%
40,000
13.3%
2.2%
12,200
2.4%
4.9%
14,600
1.3%
0.0%
(40,200)
-100.0%
25.2%
416,450
7.5%
36.5%
607,000
7.6%
9.4%
117,100
5.6%
2.6%
(34,200)
-5.3%
0.6%
9,250
7.0%
0.3%
19,250
33.3%
49.4%
718,400
6.6%
8.0%
107,550
6.0%
1.7%
17,550
4.6%
2.0%
36,700
8.6%
1.7%
29,200
7.6%
13.4%
191,000
6.4%
7.5%
43,650
2.5%
3.4%
23,950
3.1%
1.2%
56,400
26.1%
12.1%
124,000
4.5%
0.0%
0.00%
100.0%
$1,449,850
6.5%
Paige $Q of $2
CITY OF ELK RIVER
ESTIMATED TAX IMPACT
Residential (Homestead): With Valuation Chanqe Impact
Estimated City Tax
Estimated
Market Value
Tax Capacity
Tax Capacity Rate
39.524%
40.359%
Prope Value
Value
Change
Exclusion
Value
17OW
change
Percent
change
2025
2026
2025
2026
2025
2026
2025
2026
$296,500
$296,600
0.0%
$10,555
$10,546
$2,859
$2,861
$1,130
$1,154
$24
2.1%
$344,200
$344,500
0.1%,
$6,262
$15,545
$3,379
$3,290
$1,336
$1,328
($8(
-0.6%
$346,800
$349,900
0.9%
$6,028
$15,059
$3,408
$3,348
$1,347
$1,351
$4
0.3%
$388,900
$394,500
1.4%
$2,239
$11,045
$3,867
$3,835
$1,528
$1,548
$20
1.3%
$469,500
$473,200
0.8%
$0
$3.962
$4,695
$4,692
$1,856
$1,894
$38
2.0%
$571,100
$571,300
0.0%
$0
$0
$5,711
$5,713
$2,257
$2,306
$49
2.2%
$606,300
$615.800
1.6%
1 $0
$0
$6.063
$6.158
1 $2,396
$2.485
$89
3.7%
$358 100
$358 100
0.0%
1 $5,011
$14,321
$3,531
$3 438
1,
{,4,`9'
-0.6%
** Median Value Home
* As property value increases, the market value exclusion is phased out at $517,200 & over. (This is an increase from $413,800 &
over in 2024.)
Commercial/Industrial:
Estimated City Tax
Estimated
Tax Capacity
Tax Capacity Rate
39.524%
40.359%
Property Value
Value
Change
Value
Dollar
change
Percent
change
2025
2026
2025
2026
2025
2026
$2,130,000
$2,355,200
10.6%
$41,850
$46,354
$16,541
$18,708
$2167
13.1%
$3,531,900
$3,896,300
10.3%
$69,888
$77,176
$27,623
$31,147
$3.524
12.8%
$5,054,400
$5,426,200
7.4%
$100,338
$107,774
$39,658
$43,497
$3.839
9.7%
$1,555900
$1,688.200
8.5%
$30368
1 $33014
$12.003
$13,324
$1,321
11.0%
$2,500000
$2,500,000
0.0%
$49,250
1 $49,250
1 $19.466
$19.877
1 $411
2.1%
Page 11 of 12
2026 PRELIMINARY TAX LEVY
Levied
Levied
Levied
Preliminary
Tax Levy
Pay 2023
Pay 2024
Pay 2025
Pay 2026
General Fund
$13,893,000
$14,917,700
$15,626,050
$16,864,450
Library
75,000
79,000
79,000
84,550
$13,968,000
$14,996,700
$15,705,050
$16,949,000
General Property Tax Levy
Special Levies:
Debt Service -
2010A PS Building
-
2020A - PS Building Expansion
606,346
608,709
604,771
600,046
2020E Refunding - PW Building
2021A - Fire Station 3/Equip.
389,135
392,023
394,123
387,823
Economic Development Tax Abatement
131,475
139,900
140,239
160,205
Government Building Reserve
Total Levy
$15,094,956
$16,137,332
$16,844,183
$18,097,074
General Fund Change from Previous Year
$783,700
$1,024,700
$708,3S0
$1,238,400
Percentage Change from Previous Year
6.0%
7.4%
4.7%
7.9%
Total Dollar Change from Previous Year
$1,209,256
$1,042,376
$706,851
$1,252,891
% Change
8.7%
6.9%
4.4%
7.4%
NTC Value
$38,022,099
$42,671,578
$42,617,070
$44,840,029
Tax Rate
39.700%
37.813%
39.524%
40.359%
% Increase in NTC
20.4%
12.2%
-0.1%
5.2%
Page 12 of 12