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Home My WebLink AboutFY27 Budget Handout 4/6/2026 .'61N11111/11*----;• FY2027 PUBLISHED BUDGET CITY OF WATERLOO, IOWA April 6, 2026 \ A \ 10, ,•*.sk a • CITY OF '41: t94 TERLO Community of Opportunity 1 Outline 1 . FY2027 Published Levy Rates — To Certify 2. FY2027 Published Budget — To Adopt 2 2 1 4/6/2026 FY2027 Published Levy Rates — To Certify 3 3 FY2027 Published Levy Rates to Certify Published Tax Levy Rate $21.79160 Tax Rate Comparison-Current VS.Published Residential property with an Current Year Budget Year To Percent actual/assessed value of$100,000 Certified 2025/2026 Certify 2026/2027 Change City Regulal $1,034 $970 -6.11% Residen Commercial property with an Current Year Budget Year To Percent actuaVassessed value of$1,000,000 Certified 2025/2026 Certify 2026/2027 Change City Regular 618,221 $18,126 -1.62% Commercia 4 4 2 4/6/2026 FY2027 Published to Certify Levies Proposed Tax Published to Change from Levy Portion Certify Tax Proposed Program Levy Portion Police and Fire $14.47801 $ 13.30627 $ (1.17174) Debt Service $4.41218 $ 3.77269 $ (0.63949) All Other Services $5.12763 $ 4.71264 $ (0.41499) Total City Levies $24.01782 $ 21.79160 $ (2.22622) 9 5 FY2027 Published to Certify Levies Proposed Tax Published to Change from Levy Portion Certify Tax Proposed Program-Breakout of Other Levy Portion Building Inspections ($0.18443) $ (0.16950) $ 0.01493 Public Works $0.80573 $ 0.74052 $ (0.06521) Health& Social Services $0.14417 $ 0.13250 $ (0.01167) Culture & Recreation $3.23657 $ 2.97463 $ (0.26195) Community & Economic Development $0.18658 $ 0.17148 $ (0.01510) General Government $0.93902 $ 0.86302 $ (0.07600) Total Other $5.12763 $ 4.71264 $ (0.41499) 10 6 3 4/6/2026 How is the tax bill on my home determined? FY2026 FY2027 FY2027 Certified Proposed Published to Certify Assessed Value $ 100,000 $ 100,000 $ 100,000 Times Rollback 0.474316 0.445345 0.445345 Equals Taxable Value $ 47,432 $ 44,535 $ 44,535 Divide by $1,000 47.4316 44.5345 44.5345 Times Total Tax Levy Rate $45.73658 $47.96281 $45.73658 Equals Total Tax Bill $2,169.36 $2,136.00 $ 2,036.86 City Portion of Tax Bill $1,033.61 r $1,069.62 $ 970.48 Projected Annual Incr(Decr) $ 10.62 $ 36.01 $ (63.13) Percentage Incr(Decr) 1.03% 3.37% -6.11% 7 7 FY2027 Published Budget — To Adopt Materials for the following information can be found here: https://www.cityofwaterlooiowa.com/government/finance/2027 fye budget materials.php 3 8 4 4/6/2026 FY2027 General Fund Budget Impacts Published Budget to Adopt Expense Increases/(Decreases) Pay Increases, including payroll taxes $1,632,037 Increase in retirement payouts $334,892 Increase in Grant Funded Expenses $35,002 Increase in Liability Insurance $164,461 Increase in public safety medical costs $100,000 Increase in software expenses $32,000 Other expense changes ($12,811) 9 9 FY2027 General Fund Budget Impacts Published Budget to Adopt Revenue Increases/(Decreases) Increase in Building Revenue $388,796 Increase in Police Reimbursements $218,826 Increase in Clerk/Finance Revenue $120,000 Decrease in Rollback Replacement ($227,843) Other increases-net $36,457 Increase in Local Option Sales Tax Transfer $1,400,000 Net decrease of use in employee benefits levy ($1,143,671) 10 10 5 4/6/2026 FY2027 General Fund Budget Impacts Published Budget to Adopt Property Tax Highlights Total General Fund Levies $25,934,355 Total Employee Benefit Levies $17,167,334 Total Debt Service Levy $11,740,090 Total Property Taxes Levied $54,841,779 11 11 FY2027 General Fund Budget Impacts Published Budget to Adopt General Fund Budget Summary General Fund Tax Levies $25,934,354 Other General Fund Revenue (including $52,343,587 transfers) General Fund Expenses (including ($82,408,364) transfers) Fund Balance Budgeted to Use (including $4,130,423 ARPA and project cash) 12 12 6 4/6/2026 How are Capital Project Funds used? $4,943,000 7% ■\ & Bridge$20,025,000 Bridges $2,300,000 28% ■Traffic 3% a. Improvements ■Demolitions $8,250,000 12% ■TIF $1,500,000 ■GOlssue 2% a Fiber $1,367,175 Backbone 2% Parks $21,000,000 29% Airport $12,500,000 17% For the Year Ending 6-30-2027 Funded by TIF,Bonds, FAA Funds,Grants 13 13 Sewer Fund Budget Debt Service for Sewer System Plant&System Improvements Maintenance $5,686,403 \ Operations 18% $10,634,613 34% System Improvements $15,365,000 48% For the Year Ending 6-30-2027 Funded by Sewer Fees and SRF Loans 19 14 7 4/6/2026 Storm Water Fund Budget System Improvements $6,000,000 77% System Operations& Maintenance $1,356,048 17% Street Sweeping $450,332 For the Year Ending 6-30-2027 6% Funded by User Fees 15 15 Sanitation Fund Budget Equipment Animal $800,000 Control 10% $648,299 8% Garbage& Yard Waste Code Disposal, r, Enforcement Recycling& $733,527 Neighborhood 10% Clean-ups $5,510,997 72% For the Year Ending 6-30-2027 Funded by User Fees 16 16 8 4/6/2026 Road Use Tax Fund Budget Forestry Right-of Way Operations $1,217,299 Engineering Snow Removal 10% $1,629,456 $1,795,979 13% 15% Streets&Bridge az Repair $2,086,400 Street Maintenance $2,956,453 s Traffic Operations $1,931,691 24% ' 16% StreetTraffic Signals Lights $100,000 For the Year Ending 6-30-2027 $5 46/000 1% Funded by State Fuel Tax 17 17 $2,600,000 Local Option Fund Budget 12% $861,138 Transfers 4% Engineering $1,257,691 6% Unimproved Street Repair $17,395,700 78% Street Repair& Construction For the Year Ending 6-30-2027 Funded by Local Option Taxes 23 18 9 4/6/2026 Federal Block Grant Funds Budget Neighborhood Services $105,392 1% Administration &Other $1,331,929 16% Housing Rehab& Construction $7,104,074 83% For the Year Ending 6-30-2027 Funded by Federal Block Grant Funds 24 19 Federal Housing Funds Budget Administration &Other Down Payment& $1,106,380 Other Assistance 14% $50,000 1% $400,008 Housing 5% Assistance Ridgeway Towers $6,195,620 Senior Public 80% Housing For the Year Ending 6-30-2027 Funded by Federal Housing Funds 25 20 10 4/6/2026 WA .L O� � 'A • 1 1111111111 I 1 = . 460 S7t/ 17�� Questions? Please contact City Hall to speak with Mayor Boesen or Bridgett Wood with more questions. A special thank you to Mayor Boesen,the City Council,the Finance Department Staff,and all City departments for their work to develop the budget and for the service they provide to our citizens year-round. 26 21 11