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NEW BUSINESS - IIA <br />-A�EHILLS <br />MEMORANDUM <br />DATE: December 8, 2025 <br />TO: Honorable Mayor and City Councilmembers <br />Jessica Jagoe, City Administrator <br />FROM: Joua Yang, Finance Director <br />SUBJECT: 2026 Tax Levy and Budget <br />Budgeted Amount: Actual Amount: Funding Source: <br />N/A N/A N/A <br />Council Should Consider <br />Motion to approve, table or deny the following: <br />• Resolution 2025-079 Setting the Final Levy for Taxes Payable in 2026 <br />• Resolution 2025-080 Adopting the Proposed 2026 Budget <br />Backiround <br />Budget discussions were held with the Council from July through September. Council adopted a <br />maximum tax levy increase of 18.32% on September 29, 2025. Additional budget workshops were <br />held with the Council on November 10 and November 24, 2025. <br />Discussion <br />A summary of the major changes in the 2026 proposed budget is as follows: <br />Page 1 of 7 <br />