STAFF REPORT
Agenda Item: 10.a
 
Council Meeting:
August 27, 2026

Prepared By:
Matt Gsellmeier, Finance Director,

Topic:

Preliminary Budget Discussion

Action Required:
Discussion
 
 
Summary

Council session scheduled for August 27 is intended for budget discussion
to prepare Council for the September 10 or September 24 Council Meeting where Council needs to establish the not-to exceed levy limit. 

 

Based on projected increases to 2027 estimated market values, Corcoran's tax capacity is projected to increase by $3,280,826 from $24,262,267 in 2026 to $27,543,093 for 2027. 

 
Financial/Budget

Council preparation to establish the 2027 not-to-exceed levy limit at September 10 or September 24, 2026 Council Meeting. 

 
Recommendation

Recommend Council discuss the DRAFT General Levy Budget in preparation to establish the 2027 not-to-exceed levy limit at September 10 or September 24, 2026 Council Meeting. 

 
Council Action

Review and discuss preliminary 2027 Budget information.

 
Attachments
1. Long Term Financial_Projected Debt Service Levy Requirements.pdf
2. Corcoran 2026 Assessment Report - Net Tax Capacity.pdf
3. 2027 Preliminary Budget Detail.pdf
4. 2027 Budget -Memo_for_Preliminary_Budget_Workshop.docx