Set Public Hearing on FY 2027 City Budget Copyrighted
April 20, 2026
City of Dubuque ITEMS SET FOR PUBLIC HEARING # 1.
City Council
ITEM TITLE: Set Public Hearing on FY 2027 City Budget
SUMMARY: City Manager recommending approval of resolutions setting
the April 28, 2026, public hearing in connection with the
adoption of the Fiscal Year 2026 City budget.
RESOLUTION Setting the Date for the Public Hearing on the
Five-Year Capital Improvement Program for Fiscal Years
2027 Through 2031 for the City of Dubuque
RESOLUTION Setting the Date for the Public Hearing on the
Fiscal Year 2026 Budget for the City of Dubuque
SUGGUESTED Receive and File; Adopt Resolution(s), Set Public Hearing for
DISPOSITION: April 28, 2026
ATTACHMENTS:
1. MVM Memo Set the Public Hearing for the FY2027 City Budget
2. Staff Memo to Set FY27 Budget Public Hearing_2026_04_19
3. Setting date for FY27 Five Year CIP_Resolution
4. FY_27_Setting_Public_Hearing_Operating_Budget_Resolution
5. FY27 Notice of Public Hearing Budget Adoption
Page 313 of 901
Dubuque
THE CITY OF �
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TO: The Honorable Mayor and City Council Members
FROM: Michael C. Van Milligen, City Manager
SUBJECT: Set Public Hearing on FY 2027 City Budget
DATE: April 19, 2026
Chief Financial Officer Jennifer Larson is submitting two resolutions setting the April 28,
2026, public hearing in connection with the adoption of the Fiscal Year 2026 City
budget.
The final budget approval cannot exceed the maximum property tax resolution for Fiscal
Year 2027 adopted by City Council at the March 23, 2026, public hearing. State law
requires a public hearing on the Operating Budget and the Five-Year Capital
Improvement Program.
The notice of public hearing regarding the adoption of the Fiscal Year 2027 budget
indicates a proposed city tax rate of$10.16480. While that is the property tax rate you
will be considering in your public hearing, I am revising my budget recommendation to
reflect updated expense and revenue projections.
The "Five Flags pay to other agency" expense line has been reduced for Fiscal Year
2027, decreasing from $1,294,877 to $1,201,155. This adjustment results in general
fund savings of$93,722.
Furthermore, it appears the Dubuque Racing Association first quarter revenues will
have exceeded projections, demonstrating the conservative nature of their original
forecasts. The initial Fiscal Year 2027 city budget recommendation included a DRA rent
revenue budget of$7,079,186. Updated estimates established by me, not the DRA, now
project DRA rent revenues at $7,302,571, representing a $223,385 increase in general
fund revenue. While the DRA is not amending their revenue estimates for the year, I
feel comfortable amending my recommendation.
These financial adjustments result in a revised city tax rate of$10.06370 for Fiscal Year
2027, maintaining the same rate as previously established for the current fiscal year
(Fiscal Year 2026).
The following outlines the impact of lowering the Fiscal Year 2027 tax rate from
$10.16480 to $10.06370.
Page 314 of 901
Revised Revised
Recommended Revised FY27 FY27
FY2026 FY2027 FY2027 % $ Change
Change
Tax Rate $10.06370 $10.16480 $10.06370 0% $0
Property Tax $29,872,253 $31,940,934 $31,623,827 +5.86% +$1,751,574
Asking
Residential Avg. $889.20 $915.88 $906.76 +1.97% +$17.56
Value =$213,211 �
Commercial Property Impacts:
Revised Revised
Recommended Revised FY27 FY27
Property Value FY2026 FY2027 FY2027 % $ Change
Chan e
$150,000 or less $716.01 $679.03 $672.27 -6.11% -$43.74
$150,001-$300,000 $2,074.61 $2,051.21 $2,030.88 -2.11% -$43.73
$300,001-$450,000 $3,433.21 $3,423.52 $3,389.47 -1.27% -$43.74
Avg=$624,927 $4,253.76 $5,023.81 $4,973.85 +16.93% +$720.09
Industrial Property Impacts:
Revised Revised
Recommended Revised FY27 FY27
Property Value FY2026 FY2027 FY2027 % $ Change
Change
$150,000 or less $716.01 $679.03 $672.27 -6.11% -$43.74
$150,001-$300,000 $2,074.61 $2,051.21 $2,030.88 -2.11% -$43.73
$300,001-$450,000 $3,433.21 $3,423.52 $3,389.47 -1.27% -$43.74
Avg=$624,927 $5,090.27 $6,000.54 $5,940.87 +16.71% +$850.60
I respectfully recommend you set the public hearing date of April 28, 2026.
v
Mic ael C. Van Milligen
MCVM:sv
Attachment
cc: Crenna Brumwell, City Attorney
Cori Burbach, Assistant City Manager
Jennifer Larson, Chief Financial Officer
Laura Bendorf, Budget Manager
2
Page 315 of 901
Dubuque
THE CITY OF �
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Maste iece on the Mississi i zoo�•zoiz•zois
� pp 2017*2019
TO: Michael C. Van Milligen, City Manager
FROM: Jennifer Larson, Chief Financial Officer
SUBJECT: Set Public Hearing on FY 2027 City Budget
DATE: April 19, 2026
INTRODUCTION
The purpose of this memorandum is to submit two resolutions setting the public hearing
in connection with the adoption of the Fiscal Year 2027 City budget. The publication of
official notices for the public hearing will be published to meet lowa Code minimum
publication requirements.
DISCUSSION
The public hearing on the Fiscal Year 2027 City budget will be conducted in the City
Council Chambers at 350 W. 6t" St and virtually at 6:30 p.m. on Tuesday, April 28,
2026. The public hearing will also cover the adoption of the Capital Improvement
Program for Fiscal Year 2027.
The final budget approval cannot exceed the maximum property tax resolution for Fiscal
Year 2027 adopted by City Council at the March 23, 2026 public hearing. State law
requires a public hearing on the Operating Budget and the Five-Year Capital
Improvement Program.
The notice of public hearing regarding the adoption of the Fiscal Year 2027 budget
indicates a proposed city tax rate of$10.16480. The City Manager will revise his budget
recommendation to reflect updated expense and revenue projections.
The "Five Flags pay to other agency" expense line has been reduced for Fiscal Year
2027, decreasing from $1,294,877 to $1,201,155. This adjustment results in general
fund savings of$93,722. OVG, the contracted private management company for Five
Flags, has reported that an increased number of events and adjustments to rental and
co-promotion rate schedules have contributed to higher adjusted gross income, thereby
reducing the required subsidy.
Furthermore, the Dubuque Racing Association has announced that its first quarter
revenues have exceeded projections, demonstrating the conservative nature of their
forecasts. The initial Fiscal Year 2027 budget recommendation included a DRA rent
Page 316 of 901
revenue budget of$7,079,186. Updated estimates now project DRA rent revenues at
$7,302,571, representing a $223,385 increase in general fund revenue.
While the DRA is not amending their revenue estimates for the year the City Manager
feels comfortable amending his recommendation.
These financial adjustments result in a revised city tax rate of$10.06370 for Fiscal Year
2027, maintaining the same rate as previously established for this fiscal year (Fiscal
Year 2026).
The following outlines the impact of lowering the Fiscal Year 2027 tax rate from
$10.16480 to $10.06370.
Revised Revised
Recommended Revised FY27 FY27 I
FY2026 FY2027 FY2027 % Change $ Change
Tax Rate $10.06370 $10.16480 $10.06370 0°/o $0
Property Tax Asking $29,872,253 $31,940,934 $31,623,827 +5.86°/o +$1,751,574
Residential Avg. Value $889.20 $915.88 $906.76 +1.97% +$17.56
=$213,211
Commercial Property Impacts:
Revised Revised
Recommended Revised FY27 FY27
Property Value FY2026 FY2027 FY2027 % Change $ Change
$150,000 or less $716.01 $679.03 $672.27 -6.11°/a -$43.74
$150,001-$300,000 $2,074.61 $2,051.21 $2,030.88 -2.11°/a -$43.73
$300,001-$450,000 $3,433.21 $3,423.52 $3,389.47 -1.27% -$43.74
Avg=$624,927 $4,253.76 $5,023.81 $4,973.85 +16.93°/a +$720.09
Industrial Property Impacts:
Revised Revised
Recommended Revised FY27 FY27 I
Property Value FY2026 FY2027 FY2027 % Change $ Change
$150,000 or less $716.01 $679.03 $672.27 -6.11°/a -$43.74
$150,001-$300,000 I $2,074.61 $2,051.21 $2,030.88 -2.11°/a -$43.73
$300,001-$450,000 I $3,433.21 $3,423.52 $3,389.47 -1.27% -$43.74
Avg=$624,927 ' $5,090.27 $6,000.54 $5,940.87 +16.71% +$850.60
ACTION STEP
The action step is for City Council to adopt the two resolutions setting the public hearing
on the Fiscal Year 2027 City budget, operating and capital improvement program, for
the City of Dubuque.
2
Page 317 of 901
JML
Attachments
cc: Crenna Brumwell, City Attorney
Cori Burbach, Assistant City Manager
Laura Bendorf, Budget Manager
3
Page 318 of 901
RESOLUTION NO. 128-26
SETTING THE DATE FOR THE PUBLIC HEARING ON THE FIVE-YEAR CAPITAL
IMPROVEMENT PROGRAM FOR FISCAL YEARS 2027 THROUGH 2031 FOR THE
CITY OF DUBUQUE
Whereas, a proposed Five -Year Capital Improvement Program for the City of Dubuque
for Fiscal Years 2027 through 2031 has been prepared and submitted to the City Council;
and
Whereas, the capital projects for the first year of the program are included in the Fiscal
Year 2027 budget for the City of Dubuque; and
Whereas, it is deemed to be in the best interest of the City of Dubuque to conduct a
public hearing and adopt the five-year Capital Improvement Program simultaneously with
the public hearing and adoption of the Fiscal Year 2027 budget for the City of Dubuque.
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
DUBUQUE, IOWA:
Section 1. That the City Council shall conduct a public hearing on the five-year Capital
Improvement Program for Fiscal Years 2027 through 2031 in the City Council Chambers
and virtually on Tuesday, April 28, 2026, beginning at 6:30 p.m.
Passed, approved and adopted this 20th day of April 2026.
Brad avanag , Mayor
Attest:
Trish L. Gleason, Assistant City Clerk
RESOLUTION NO. 129-26
SETTING THE DATE FOR THE PUBLIC HEARING ON THE FISCAL YEAR 2026
BUDGET FOR THE CITY OF DUBUQUE
Whereas, Iowa Code Section 384.16 provides that the City Council shall set a time and
place for a public hearing on the Fiscal Year 2027 budget before the final budget
certification date and shall publish notice before the hearing as provided in Iowa Code
Section 384.16.
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
DUBUQUE, IOWA:
Section 1. That the City Council shall conduct a public hearing on the proposed Fiscal
Year 2027 budget for the City of Dubuque in the City Council Chambers on Tuesday,
April 28, 2026, beginning at 6:30 p.m.
Passed, approved and adopted this 20th day of April 2026.
Brad !i: nagh, Mayor
Attest:
Trish L. Gleason, Assistant City Clerk
NOTICE OF PUBLIC HEARIlVG--PROPOSED BUDGET
I�tiscal Year July l,2026-June 30,2027
City of: DUBUQUE
The City Council will couduct a public hearing on the proposed Budget at: City Council Chambers,350 W 6th St Meeting Date: 4/2S/2026 Meeting
Time: 06:30 PN1
At the public hearing any resident or taxpayer may present objections to,or arguments in favor of,any part of the proposed budget.This notice represents a
summary of the supporting detail of revenues and expenditures on file with the City Clerk and County Auditor.
City budgets are subject to protest.If protest petition requirements are met,the State Appeal Board will hold a local hearing.For more information,consult
https://dom.iowa.go��/loc al-budget=appeals.
The Budget Estimate Summary of proposed receipts and espenditures is shown belo�v.Copies of the the detailed proposed Budget may be obtained or
viewed at the offices of the Mayor,Cit,y Clerk,and at the Library.
The estimatedTotal tax levy rate per 1000 valuation on regular properry
10.16480
The estimated tax levy rate per ]000 valuation on Agricultural property is
3.0037�
At the public hearing,any resident or taxpayer may present objections to,or arguments in fa��or of,any part of the proposed budget.
hone Number Ciry Clerk/Finance Officer's NAME
(563)589-4398 Jennifer Larson
Budget F1' Re-estimated FY Actual FY
2027 2026 2025
Revenues&Other Financing Sources
Taxes Levied on Properry 1 31,291,538 29,866,180 28,780,003
Less:Uncollected Property Taxes-Levy Year 2 0 0 0
Net Current Property Taxes 3 31,291,538 29,366,130 28,780,003
Delinquent Property Taxes 4 0 0 1,761
TiF Revenues 5 19,078,285 19,473,033 17,551,607
OtherCiryTaxes 6 24,931,451 23,986,160 22,533,590
Licenses&Permits 7 4,706,776 4,477,648 5,023,423
Usc of Moncy and Property 8 21,265,756 22,190,268 25,397,388
Intergovernmental 9 53,729,895 102,911,110 47,786,550
Charges for Fees&Service 10 61,735,125 52,626,335 54,427,716
Special Assessments 11 40,000 117,657 74,022
Miecellaneous ]2 13,800,240 2 L,404,740 14,220,367
Other Financing Sources l3 26,783,933 75,696,998 28,388,353
Transfers In 14 46,910,374 55,858,537 49,645,215
Total Revenues and Other Sources 15 304,273,373 408,608,666 293,829,995
Expenditures&Other Financing Uses
Public Safety 16 44,671,041 41,776,168 42,626,355
Public Works 17 16,704,458 22,167,129 16,395,835
Health and Social Services 18 1,233,171 1,308,690 1,172,595
Culture and Recreation ]9 19,281,450 20,889,560 17,222,773
Commiuiity and Economic Development 20 19,964,675 26,4RA,229 21,502,546
Gcncral Govcrnmcnt 21 17,280,069 17,363,657 15,161,161
Debt Service 22 12,584,115 12,464,896 10,865,131
Capital Projects 23 37,935,036 153,119,911 41,582,357
Total GovernmentActivities Expenditures 24 169,654,015 295,578,240 166,528,753
Business Type/Enterprises 25 94,200,696 13 L,655,091 64,570,928
TotaIALLExpenditures 26 263,854,711 427,233,331 231,099,681
Transfers Out 27 46,910,374 55,858,537 49,6�5,215
Total ALL Expenditures/Transfers Out 28 310,765,085 483,091,868 280,744,896
Excess Revenues&Other Sources Over 29 -6,491,712 -74,483,202 13,085,099
(Under)Expenditures/Transfers Out
Beginning Fund Balance July 1 30 90,563,440 165,046,642 151,961,543
Ending Fund Balance June 30 31 84,071,72R 90,563,440 165,046,642
Page 321 of 901