Despite adopting a total budget that is almost 10% smaller than last year, Shenandoah’s fiscal year 2026-27 budget will see expense increases in several areas.
City Council adopted the new budget at its Aug. 26 meeting, along with its newest tax rate and a change to its general fund reserve policy.
What you need to know: Shenandoah’s general fund, which makes up more than half of the city’s total expenses, is estimated to total around $13.1 million, documents show. This is an increase of more than 3% from last year.
Diving in deeper: Despite adopting the no-new-revenue rate of $0.1849 per $100 valuation of a home, the city’s tax rate is set to increase from last year, documents show.
What else: The council also approved a change to the city’s fund balance requirements, lowering it from 180 days in reserves to 120 days. The city would need about $4.5 million in the fund to cover 120 days, documents show.