In a recent government meeting, city officials discussed significant changes to the local tax structure and budget allocations aimed at addressing the growing needs of the community. The proposed adjustments include a 4-cent increase in property taxes, which would still keep the city's rates lower than those of surrounding municipalities. This increase is essential to fund various initiatives, including a cost-of-living adjustment (COLA) for city employees and the hiring of additional police officers, contingent on grant funding.

City leaders highlighted the importance of maintaining a healthy reserve in the general fund, which has decreased from 180 days to 111 days over the past three years. Officials warned that if reserves fall below 90 days, the city could face challenges in issuing bonds for capital improvements due to a lowered bond rating. The proposed budget aims to restore the reserve levels while addressing the city's operational needs.

The discussions also revealed a concerning trend in employee turnover, with a reported 90% turnover rate in certain positions. Officials noted that competitive salaries are crucial for retaining staff and ensuring the delivery of essential services to the community. The proposed 5% COLA is seen as a necessary step to improve employee retention and morale, especially in light of the city's growing demands.

City council members expressed their commitment to transparency and community engagement throughout the budgeting process, acknowledging the extensive hours dedicated to discussions and planning. They emphasized the need for a balanced approach that considers both the financial health of the city and the welfare of its employees and residents. The meeting concluded with a call for further community input as the budget proposal moves forward.