And

I think our we have two items tonight again the budget and levy, and then our second is the snow and ice control policy discussion.

So I'll hand it over to Marshall, I believe, for I've

got the budget part that's

excellent.

The budget part, if we want to begin with that.

Yes.

Well, first

thanks for attending.

Great to see everybody.

This is just a quick update on the status of the 2027 budget.

Um, the first thing we want to review is the budget calendar, where we've been, where we currently are.

We've got several more meetings before we wrap up the budget process, so more opportunities for public input.

Um, but uh December 14th is uh when we're planning on the adoption of the budgets and levies.

So this is where we were last time we met, where we had a levy of a levy increase, a proposed levy increase of 5.53%.

Okay.

We want to take it from there to

um

where we are

now.

So going through the budget at this time, these are some staff recommender proposed changes for you to consider, and we're gonna use them in a couple of these slides that follow,

but

um that over levy we believe can be eliminated given nothing's occurred to this point.

Um the decision was made to keep exempt on ICRA, so that frees up what was budgeted for that purpose.

Uh, we've got an issue with diesel with fuels in general, we'll call it inflationary pressure, significant inflationary pressure.

I'll

add

there's been um some net CIP changes, some other changes in the operating budgets that amount to around 25,000, 30,000 per.

And then the council had adopted um or had proposed some assistance for the Hope Heights Habitat for Humanity project.

So adding those all

up

were approximately 700 472,000 dollars

of

proposed reductions in in the aggregate.

If to get to a 3.99% increase in the levy, um we would need to this just shows you we would need to we would actually have a surplus, excuse me, go into a 3.99% uh increase in the levy because right now we're at a 3.85% to balance the budget currently, and again, we've still got some refinement to do, so take all this as you know, more educated estimates, better estimates than previously because time has elapsed.

We're still waiting for uh the one most significant thing we're waiting for is probably what those ICRA rates are gonna

be,

but we expect to have that sometime this week.

So anyway, if we went to a 3.99% change in the levy, there's actually a surplus available at the current

time to

get to a 3.5% increase in the levy.

Okay.

Any questions so far?

Oh,

perfect.

Then that was the kind of levy overview.

I want to talk a little bit about the uh total tax uh the taxable net tax capacity.

We'll call it net tax capacity.

And we've got some uh preliminary estimates.

These change, they may change a little bit between now and final, but they're from the state and ultimately from the uh Goodoo County reports these two us.

The state again does utility pipelines, railroad valuations, so collectively they report this data to us.

And the good news is we've got we're seeing a six point almost seven percent.

If you look on the what is it, fourth column

there, uh

the bottom uh increase

in

the net tax capacity of approximately seven percent, just shy of seven percent.

And the the interesting thing about this to folks like myself is I'm looking I always look at that average, and the entities that are less than the average 6.96, those B Ean.

I wrote them down, residential utility, agricultural, and other.

Um, what this tells