The Canton City Council convened on July 3, 2025, to discuss the proposed budget for the fiscal year 2026, which includes a notable property tax cut and significant capital investments. City officials emphasized the budget's balanced nature and its focus on essential services, highlighting a reduction in the millage rate from 5.4 to 5.25 mills. This tax cut, the first of its kind since 2017, allows the city to bypass public hearings typically required for tax adjustments.

City Manager Luckett presented the budget, which totals approximately $94.7 million, with nearly $42 million earmarked for capital investments in water and sewer infrastructure, parks, and transportation. The budget also proposes a 2.5% cost-of-living adjustment for city employees, reflecting a commitment to workforce support amid rising living costs.

The budget's funding sources include 24% from charges for services, primarily in the water and sewer fund, and 14% from property taxes. The city has seen a 7.5% growth in its property tax digest, driven by new construction and rising property values, although exemptions have also increased due to a new floating homestead exemption.

In addition to the tax cut, the budget proposes the addition of three new full-time positions, including a land development administrator and a procurement manager, aimed at enhancing operational efficiency. The budget also introduces a special events fund to streamline the management of city events, funded by hotel and motel taxes.

The council's discussions underscored a proactive approach to community development, with significant allocations for public safety, infrastructure improvements, and community events. The proposed budget will be available for public review on the city’s website, with further discussions anticipated in upcoming council meetings. This budget reflects Canton’s strategic priorities and commitment to fostering growth while easing the financial burden on its residents.