Financial Advisory Board Regular Meeting
Thursday, May 14, 2026
What Happened
The Financial Advisory Board reviewed the FY27 budget framework totaling $335.3 million in General Fund appropriations across all city operations.
Key Decisions
APPROVED — FY27 General Fund appropriations of $335.3 million — no vote count provided — establishes spending authority across all city departments for next fiscal year
APPROVED — Public Safety spending of $220.8 million (General Fund) — no vote count — funds police ($123.7M) and fire ($87.2M) operations
APPROVED — Sewer Fund capital improvements of $106.7 million — no vote count — includes $60 million dewatering building construction and $27.2 million for collection system rehabilitation
APPROVED — FY27 Capital Improvement Plan of $142.3 million total — no vote count — funds street repairs ($13.2M), sewer infrastructure, fire equipment, and neighborhood improvements across six-year period
APPROVED — Salaries and benefits totaling $268.9 million (General Fund) — no vote count — covers all city employee compensation
APPROVED — Debt service payments of $32.3 million — no vote count — pays principal and interest on bonds including general obligation and revenue bonds
APPROVED — Room Tax Fund transfer of $2.6 million to General Fund — no vote count — supports general operations
APPROVED — Lobbying activities budget of $448,286 — no vote count — covers Nevada Legislature advocacy Feb-May 2027
Debated But Not Resolved
No unresolved debates were documented in meeting materials.
What to Watch
$335.3 million — General Fund total appropriations — consolidated tax, property tax, franchise fees, permits, service charges, fines, and intergovernmental revenue
$220.8 million — Public Safety (police and fire operations) — General Fund
$106.7 million — Sewer capital projects including dewatering building — Sewer Fund, federal grants, debt issuance
$142.3 million — Capital Improvement Plan across six years — multiple funds including Street Fund, Sewer Fund, General Capital Projects, CDBG
$87.2 million — Fire Department operations — General Fund
$123.7 million — Police Department operations — General Fund
$60 million — Dewatering Building construction — Sewer Fund
$27.2 million — Sewer collection system rehabilitation — Sewer Fund
$13.2 million — Street repairs and improvements — Street Fund
$10.1 million — Neighborhood Street Program FY27 — Street Fund
Dewatering Building Construction — $60 million sewer project is single largest capital expenditure; watch for construction timeline and any cost overruns through completion
Capital Improvement Plan Implementation — $142.3 million six-year plan requires sustained funding; monitor whether revenue projections hold and fund balance remains at $48.6 million
Sewer Rate Impact — Federal grant funding of $32.7 million and $30.6 million in new debt issuance will affect customer rates; next rate hearing should be monitored
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