The Granite Shoals City Council approved a $14.6 million budget for the 2025-26 fiscal year, which starts Oct. 1, and a slightly higher property tax rate than last year’s during its Sept. 9 meeting.
The upcoming budget is a 6 percent increase from last year’s $13.7 million.
Of the $14.6 million, $12.5 million will fund daily operations and $2.1 million is dedicated to capital projects in streets, utilities, parks, planning and development, and public safety.
The city’s general fund increased by 2.2 percent to $7.1 million. The primary source of revenue is expected to come from property taxes, with only about $680,000 projected for sales-tax revenue.
The general fund supports the day-to-day operations of the city and is divvied up as follows:
23 percent to police service
21 percent