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