Slide 2Summary of Selected Cash Balances

Slide 3Senate Bill 1

There is a tremendous amount of uncertainty regarding how Senate Bill 1 will impact municipalities.

The goal for our 2026 budget:

• Manage and correct Bond Obligations
• Operate with last year’s budget with minimal changes
• Submit for Growth Appeal

Slide 4Budget Changes

2026 will be the same as our 2025 budget with some minor adjustments for Public Safety. Once we see how the new Senate Bill impacts us, we can begin to make changes as needed in the following year(s).

• Adjustment in the Public Safety Retirement Program (77 fund) to accommodate the State increase of 3%
• Increase in Facility Line Item for new Police and additional Fire building
• Raises for Police and Fire Departments

Slide 5Growth Appeal

This is our final year of eligibility for the Growth Appeal. Those funds will be applied to the General Fund.

Slide 6Bond Corrections

As a result of the potential impact of Senate Bill 1, and good accounting practices, we will be correcting an issue with our 2017 Bonds.

• Eliminate the need for a temporary loan from other line items before our disbursement is received
• Additional payment to be made in the 2026 period — this will allow us to properly close out the bond within the 2026 Budget

Slide 7Sustainability Projection

Summary of Historical Property Tax Rates and Levies

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