The Discovery Bay Town Board voted to set a public hearing on the fiscal‑year 2025–26 budget and adopted a notice of intent to levy the annual assessment for the Ravenswood Improvement District.

Staff presented an updated draft budget that incorporated late ad‑valorem information, approximately $30,000 in additional revenue, adjustments to contract operations, updates to the capital improvement program and project timing, and a new five‑year forecast. The finance manager said the CIP schedule was adjusted to reflect readiness to proceed on the Sandpoint project and to move the water distribution-line project into the schedule.

The board voted to set a public hearing for the FY 2025–26 budget (public hearing date noted in the packet as June 18 at 7 p.m.) and to bring the budget back for final adoption after the hearing. Director(s) moved and seconded staff’s recommendation to set the hearing; the motion passed.

On a related item, staff asked the board to adopt Resolution 2025‑04 — a notice of intent to levy and collect the annual assessment for the Ravenswood Improvement District (Zone 9). Staff said the assessment rate will increase to $8,530.60, a 1.27% increase tied to the CPI factor established in the original development documents. A board member asked for clarification of how the CPI index was set in the development agreements; staff explained the mechanism dates to the original developer agreements and is not an ad‑hoc annual decision.

A motion to approve the staff recommendation on the Ravenswood assessment proceeded and passed on a roll call. Board members thanked the finance manager for a lower implication this year compared with prior years and acknowledged the finance committee’s earlier review and recommendation.

No changes to services or new appropriations were adopted at the vote to set the hearing; the hearing is the next step in the formal budget process and will be followed by a separate vote to adopt the final budget.