The Budget Process

Every two years, the City is required to adopt a structurally balanced budget, meaning ongoing operating revenues are greater than or equal to ongoing operating expenditures.  The City has a variety of revenue streams to meet the costs of services provided to our residents. If a shortfall occurs, the City is unable to simply raise taxes to meet the costs to fund the various services the City provides. With finite financial resources to provide local services, programs, and projects, your input is essential to assist City leadership with budgeting priorities. The budget is not a static document, it is a strategic spending plan for our community.

 
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Community Engagement:
January 2025 - May 2025

In-person and ongoing virtual engagement


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City Council Goal Setting:
May 27, 2025

City Council reviews and adjusts top priorities for the upcoming fiscal year.

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Development of Capital Improvement Program (CIP) Budget: November 2024-April 2025

Development of Operating Budget:
December 2024-May 2025

The Finance Department prepares drafts of the Operating and CIP Budgets


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CIP Budget Study Session
April 8, 2025

City Council reviews and hears public comments on the CIP Budget

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Operating Budget Study Session
May 13, 2025

City Council reviews and hears public comments on the Operating Budget

 
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City Council Public Hearing:

Operating and CIP Budgets
June 10, 2025

Revised Operating and CIP Budget go before City Council for adoption

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Fiscal Year 2025-26 starts on July 1, 2025

FY 2025-26 and 2026-27 Budgets will be posted online at toaks.gov/budget.