Overview
- The five-cent-per-$100 proposal would have raised roughly $110 million a year for homelessness, public safety, parks, climate projects and public health.
- With the measure’s failure, the rate reverts to 52.4017 cents per $100, leaving General Fund revenue an estimated $109.5 million below the adopted plan.
- The typical homeowner’s 2026 city tax bill is projected to rise by $104.76 rather than about $302 if the increase had passed.
- The city manager will present a revised budget, and council members have warned that deep cuts are likely.
- Mayor Kirk Watson called for a back-to-basics budgeting process as Council Member Mike Siegel cautioned that near-term reductions will affect programs and services.