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.
4