Following a Finance Committee Workshop on Monday, April 28, 2025, the Town Council held a Special Meeting to set a Public Hearing on the FY 2026 General Fund Budget and the FY 2026 Special Funds Budgets for Monday, May 5 at 7 PM.  

The proposed FY 2026 General Fund Budget includes expenditures of $58,340,386, and estimated non property tax revenues of $12,814,228 with $45,526,158 to be raised from property taxes. This budget would result in an estimated tax mil rate of $11.85 per thousand valuation. This represents an estimated tax rate increase of 7.73%.  This includes the School Board FY 2026 Budget in the amount of $36,318,456. This is a 2.46% expenditure increase, with an estimated tax impact of 2.91%. 

The proposed FY 2026 Special Funds Budgets for Monday, May 5, 2025, at 7:00 PM.  The proposed FY 2026 Special Funds Budgets includes expenditures and operating revenues of $5,374,153.

The council will not vote on the proposed budgets until Monday, May 12.  A referendum on the proposed School Board FY 2026 Budget will be held on Tuesday, June 10.

BUDGET MATERIALS