FOCUS AREA: Economy
Staff Contact: Jamie Robichaud, Clara Bernauer, Kathryn Messer
Subject: General Overview of the Proposed 2026 General Fund, Library Fund, and Debt Service Fund Budgets, and Proposed 2026-2030 Capital Improvement Plan (CIP) for Vertical and Transportation projects.
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Item Description:
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General Overview of the Proposed 2026 General Fund, Library Fund, and Debt Service Fund Budgets, and 2026-2030 Capital Improvement Plan (CIP) for Vertical and Transportation projects.
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Summary:
The Budget Workshop on July 8th is an opportunity for the City Council to review revenues, expenditures, and planned capital projects in greater detail for the General Fund, Library Fund, Debt Service Fund, and 2026-2030 Capital Improvement Plan.
The remaining proposed budget calendar is as follows:
• July 15th - Consideration of resolution to exceed revenue-neutral rate (RNR).
• August 5th - Budget Workshop #2 - Proposed 2026 Water & Sewer, Stormwater, and Solid Waste fund budgets, and Utilities CIP and Fees
• August 19th - Budget Workshop #3 - Proposed 2026 Recreation, Park Sales Tax, and Street Maintenance Sales Tax fund budgets, CIP, and the Comprehensive List of Fees.
• September 2nd - Revenue Neutral Rate and Budget Public Hearing.
• September 16th - City Council Adoption of 2026 Budget, 2026-2030 CIP, and 2026 Fee Schedule.
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Financial Impact:
The 2026 proposed General Fund budget is approximately $225 million.
The 2026 proposed Library Fund budget is approximately $15.6 million.
The 2026 proposed Debt Service Fund budget is approximately $113 million.
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Action Needed:
Discussion of the 2026 Proposed Budget.
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Attachment(s):
None; information will be provided at the meeting and made available at <https://www.olatheks.org/government/budget>.