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SUBJECT: <br />2026 BUDGET UPDATE / RETREAT RECAP <br />DATE: <br />AUGUST 21, 2025 <br />PAGE3OF3 <br />The Council provided feedback on all operational and capital expansion projects. The <br />Council supported all City Manager -recommended expansions as presented. (These can <br />be found on Slides 15-16 of today's PPT.) <br />Council also provided feedback on pending operational and capital expansions. The <br />following were supported by Council and will be added to the 2026 Recommended <br />Budget. <br />• Marshall Fire Set aside for Building Permit potential rebates (up to $1,700,000, <br />General Fund, One Time) <br />• Holiday Lighting Expansion ($20,000, General Fund, On -Going) <br />• 4th of July and 250/150 Commemoration Event ($10,000, General Fund, One <br />Time) <br />• Council Sponsored Events Fund ($10,000, General Fund, One Time) <br />Council provided direction on the Open Space Acquisition Target Reserve $ Amount (per <br />City Financial Policy 2.2), which was $5,000,000, and to add the Historical Preservation <br />Fund Tax to its 2026 Work Plan. <br />Council received work plan and budgetary request information from Board and <br />Commissions, and provided the following feedback. <br />• Directed Parks Staff to perform an internal evaluation for potential future Puck & <br />Stick locations <br />• Request to add the Louisville Sustainability Advisory Board (LSAB) to include the <br />Sustainable Neighborhood Networking Pilot, One Time, Bag Tax funded, $10,000. <br />Staff has incorporated feedback from the Budget Retreat into the City Manager's <br />recommended budget presentation, scheduled for September 2, 2025. <br />RECOMMENDATION: <br />Discussion/Direction in advance of the September 2nd City Manager Recommended <br />budget presentation. <br />ATTACHMENT: <br />1. PowerPoint Presentation <br />FINANCE COMMITTEE COMMUNICATION <br />16/106 <br />