Focus Area: Economy
Staff Contact: Jamie Robichaud, Clara Bernauer
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title:
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General Overview of the Proposed 2027 Recreation, Park Sales Tax, Street Maintenance Sales Tax, Tourism & Development Fund Budgets, 2027-2031 Capital Improvement Plan (CIP), and Fees
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recommended motion:
No motion needed.
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Summary:
The Budget Workshop on August 18th is an opportunity for the City Council to review revenues, expenditures, capital improvement plan projects, and fees in greater detail for the Recreation Fund, Park Sales Tax Fund, Street Maintenance Sales Tax Fund, and Tourism & Development budgets.
The remaining budget calendar is as follows:
• September 8th 5:30 pm - Combined Revenue Neutral and Budget Public Hearing
• September 15th 7:00 pm - City Council Adoption of 2027 Budget, 2027-2031 CIP, and 2027 Fee Schedule
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Financial Information:
Below are the 2027 proposed operating expenditure budgets for the workshop funds:
• Recreation Fund is approximately $6.9 million.
• Park Sales Tax Fund is approximately $7.5 million.
• Street Maintenance Sales Tax Fund is approximately $18.1 million.
• Tourism & Development Fund is approximately $2.5 million.
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Attachment(s):
None; information will be provided at the meeting and made available at olatheks.gov/budget <https://www.olatheks.gov/government/budget>