Financial Overview
The fiscal year 2025-26 adopted budget of $379.8 million reflects a balanced and strategic approach to funding municipal operations while supporting continued growth and service delivery. The budget is supported by increased property valuations and sustained new development, particularly in single-family residential construction, which has strengthened overall financial stability. The general fund, totaling $159.6 million, serves as the city’s primary operating fund and supports essential services, including public safety, street maintenance, parks and recreation, community services and general government operations. Public safety remains the largest investment, with police and fire services accounting for a significant share of expenditures, reinforcing the city’s commitment to maintaining safe and well-served communities. Personnel costs represent one of the largest components of the budget, accounting for approximately 31.8% of total expenditures and more than half of General Fund spending. This investment underscores the city’s focus on workforce recruitment, retention and competitive compensation, including salary adjustments and enhancements to public safety pension benefits. Property tax revenue, totaling $60.4 million, continues to serve as a critical funding source for city operations. Approximately 30% of each property tax bill remains with the city, supporting core services such as police and fire protection, infrastructure maintenance and recreational programming, while the remaining portion is distributed among county and regional agencies that provide broader public services. The city’s taxable value has grown significantly to $10.44 billion, reflecting strong market conditions, rising property values and continued private investment. This growth enhances the city’s financial capacity to invest in infrastructure, capital improvements and community amenities while maintaining fiscal responsibility. Overall, the city’s financial position demonstrates stability, strategic investment and a continued commitment to delivering high-quality services, supporting economic development and maintaining long-term fiscal sustainability.
Financial Awards & Recognition
The city has been awarded the Government Finance Officers Association’s Certificate of Achievement for Excellence in Financial Reporting for 30 consecutive years.
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