| 2027 | |||||||
| NOTICE OF BUDGET HEARING | |||||||
| The governing body of | |||||||
| City of Oswego | |||||||
| will meet on September 14, 2026 at 6:30 PM at Oswego City Hall for the purpose of hearing and | |||||||
| answering objections of taxpayers relating to the proposed use of all funds and the amount of ad valorem tax. | |||||||
| Detailed budget information is available at Oswego City Hall and will be available at this hearing. | |||||||
| BUDGET SUMMARY | |||||||
| Proposed Budget 2027 Expenditures and Amount of 2026 Ad Valorem Tax establish the maximum limits of the 2027 budget. | |||||||
| Estimated Tax Rate is subject to change depending on the final assessed valuation. | |||||||
| Prior Year Actual for 2025 | Current Year Estimate for 2026 | Proposed Budget for 2027 | |||||
| Expenditures | Actual Tax Rate* | Expenditures | Actual Tax Rate* | Budget Authority for Expenditures | Amount of 2026 Ad Valorem Tax | Proposed Estimated Tax Rate* | |
| FUND | |||||||
| General | 1,224,814 | 40.989 | 1,331,743 | 40.983 | 1,647,661 | 356,306 | 39.805 |
| Debt Service | |||||||
| Library | 27,468 | 3.002 | 28,675 | 3.020 | 29,359 | 27,033 | 3.020 |
| Employee Benefits | 258,160 | 29.968 | 275,691 | 30.147 | 513,467 | 269,856 | 30.147 |
| Airport | 20,641 | 0.851 | 17,257 | 0.856 | 115,425 | 7,661 | 0.856 |
| Special Highway | 54,893 | 48,451 | 136,818 | ||||
| City Sales Tax- Streets | 385,061 | 536,137 | |||||
| City Sales Tax- Parks | 427 | 373,843 | |||||
| City Sales Tax- 1/2 Cent | 181,918 | 58,213 | 556,348 | ||||
| Industrial | 144 | 25,227 | |||||
| Special Parks & Recreation | 6,652 | ||||||
| Oswego Golf Course | 170,479 | 179,320 | 221,914 | ||||
| Electric | 2,290 | ||||||
| Water | 881,702 | 904,590 | 2,045,266 | ||||
| Sewer | 275,535 | 270,797 | 638,530 | ||||
| Refuse | 283,567 | 259,472 | 317,619 | ||||
| VIN Inspections | 4,996 | ||||||
| Non-Budgeted Funds-A | 239,780 | ||||||
| Non-Budgeted Funds-B | 110,544 | ||||||
| Totals | 4,114,562 | 74.810 | 3,374,780 | 75.006 | 7,171,552 | 660,856 | 73.828 |
| Revenue Neutral Rate** | 73.828 | ||||||
| Less: Transfers | 510,780 | 341,843 | 379,876 | ||||
| Net Expenditure | 3,603,782 | 3,032,937 | 6,791,676 | ||||
| Total Tax Levied | 638,668 | 660,856 | x | ||||
| Assessed | |||||||
| Valuation | 8,537,174 | 8,810,669 | 8,951,334 | ||||
| Outstanding Indebtedness, | |||||||
| January 1, | 2024 | 2025 | 2026 | ||||
| G.O. Bonds | 4,975,000 | 4,680,000 | 4,410,000 | ||||
| Revenue Bonds | 0 | 0 | 0 | ||||
| Other | 0 | 0 | 0 | ||||
| Lease Purchase Principal | 61,253 | 201,141 | 194,463 | ||||
| Total | 5,036,253 | 4,881,141 | 4,604,463 | ||||
| *Tax rates are expressed in mills | |||||||
| ** Revenue Neutral Rate as defined by KSA 79-2988 | |||||||
| Jennifer Hine | |||||||
| Official Title: | City Clerk | ||||||
| Page No. | 20 | ||||||
| THE CITY OF OSWEGO IS AN EQUAL OPPORTUNITY PROVIDER AND EMPLOYER - If you wish to file a Civil Rights program complaint of discrimination, complete the USDA Program Discrimination Complaint Form, found online at http://www.ascr.usda.gov/complaint_filing_cust.html, or at any USDA office, or call (866) 632-9992 to request the form. You may also write a letter containing all of the information requested in the form. Send your completed complaint form or letter to us by mail at U.S. Department of Agriculture, Director, Office of Adjudication, 1400 Independence Avenue, S.W., Washington, D.C. 20250-9410, by fax (202) 690-7442 or email at program.intake@usda.gov |