Page 5 - CityofSaginawFY26Budget
P. 5

CITY OF SAGINAW
                                                BUDGET HIGHLIGHTS
                                                           2025-2026



                       current year adopted budget and the same as current year estimates.  The current sales
                       tax rate is 8.25%, which is the maximum rate allowed.  Of this, 6.25% goes to the State,
                       1.5%  to  the  General  Fund,  0.375%  to  the  CCPD  Fund,  and  0.125%  to  the  Street
                       Maintenance Fund.

                     There  is  an  estimated  4%  decrease  in  franchise  fees  revenue  based  on  current
                       collections  and  the  impact  of  moderate  weather  conditions  on  utility  bills.    Cable  TV
                       franchise  fees  continues  to  decline  due  to  a  decline  in  cable  subscriptions.    Waste
                       disposal franchise fees are estimated to increase based on current trends and expected
                       growth.

                     Court  fines  and  fees  are  picking  up  with  fewer  Police  Department  vacancies  and
                       increased traffic enforcement.  Based on current year collections revenues are projected
                       to be 86% more than current year budget.

                     Recreation  revenues  are  projected  to  be  down  following  current  year  trends.    This
                       decrease is partially offset by Summer camp fees.  Summer Camp remains popular and
                       enrollment remains strong.

                     Aquatic Center revenue is increased due to adopted fee increases.  Hours of Aquatic
                       Center operation are budgeted to remain the same for the 2026 swim season.  Aquatic
                       Center fees have not increased in more than 15 years.

                     The adopted budget includes an increase to the non-resident senior center membership
                       fee and new fees for resident memberships, and resident and non-resident day passes.
                       The proposed fees are similar to other area senior centers.  Adopted annual fees are:
                       resident $20, non-resident $60, resident day pass $5, and non-resident day pass $10.

                     Building permit fees are estimated to remain strong but lower than the current year with
                       several developments expected to continue construction in the coming year.

                     Rental inspection fee revenue is projected to decrease due to a decrease in the fee from
                       $125 to  $100.   The fee is based on the cost  of the program.   Despite the number of
                       rental units increasing, efficiencies in the program will allow for the increased units at a
                       lower cost.  Rental inspection fees offset the cost of inspecting rental units within the city
                       to ensure safe and sanitary living conditions.

                     Fees  paid  by  Tarrant  County  for  fire  protection  are  expected  to  be  the  same  as  the
                       current year estimate, a $23,600 increase over the current year adopted budget.

                     Interest earnings are projected based on slightly lower interest rates and smaller cash
                       balances.

                     Our insurance broker is estimating a 3% decrease in medical insurance for the coming
                       year based on good claims history.  Dental insurance rates are budgeted to increase by
                       13%.  The City provides coverage for employee health, dental, and basic life insurance.
                       The City will continue to partially fund dependent coverage.




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