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76 2. The desire to add funding for the City’s capital funds, especially those funds that will have 77 negative balances in the near future. 78 3.The results of decisions made or not made as part of the 2026 budget consideration that will 79 impact future budget years. 80 4.The uncertainty of receiving grant funds for the public safety personnel positions at the time the 81 preliminary tax levy is set. 82 5.The likelihood of implementing franchise fees as another revenue source to assist in the City 83 budget. 84 With all those factors in mind, staff would suggest the best approach at this time is to adopt a preliminary 85 levy that is high enough to provide enough flexibility to allow for the two biggest variables, grant funding 86 and franchise fees, to be known. Staff expects to be notified in October if we are to receive the public 87 safety grants. In regard to franchise fees, assuming there is interest in pursuing, staff and City Council 88 will work on that throughout the Fall. 89 90 The total levy increase (City & EDA) is shown below: 91 92 93 Requested Council Action 94 The Council is asked to take the following separate actions: 95 1. Motion to approve the attached Resolution adopting the 2026 Preliminary Budget -one of the 2 96 alternatives listed in attachment 1 97 2. Motion to approve the attached Resolution adopting the 2026 Preliminary Tax Levy - one of the 6 98 alternates listed in attachment 2 99 3. Motion to approve the attached Resolution adopting the 2026 Preliminary EDA Tax Levy 100 101 Michelle Pietrick, Finance Director Prepared by: 1.Prelimary Tax Levy Memo from City Manager Attachments: 2.Preliminary budget resolution 3.Preliminary City levy resolution 4.Preliminary EDA levy resolution 5.2026 Preliminary Base Budget 6.City Manager 2026 Budget memo and presentation 8-25-25 7.Bench Handout 1 - Taxpayer Feedback through 9.19.26_Redacted 8.Bench Handout 2 - Budget Priorities_Redacted 102 Page 3 of 3 Qbhf!::!pg!558