𝐑𝐄𝐌𝐈𝐍𝐃𝐄𝐑: Residents can comment on the FY2027 budget tonight at the Lenexa City Council meeting. Not sure what to say? Take a look at our questions below!⁣
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The latest FY2027 budget update includes 12 pages of citizen questions and responses from City staff in this weeks City Council packet.⁣
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The City addressed conservative budgeting, years of favorable budget results, investment income, reserves, property taxes, debt, capital spending and the Revenue Neutral Rate.⁣
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Some answers provided helpful context. Others raised more questions.⁣
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𝐇𝐞𝐫𝐞 𝐚𝐫𝐞 𝐨𝐮𝐫𝐬:⁣

1. After seven consecutive years of General Fund expenditures coming in below budget, at what point does the City consider its expenditure assumptions too conservative?⁣
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2. If investment income repeatedly beats projections, should the City budget closer to what it realistically expects to earn?⁣
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3. If 35% is the General Fund reserve target, what specifically justifies maintaining reserves as high as 38%?⁣
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4. When revenues come in better than expected, how does Council decide how much should cash-fund future projects versus providing property-tax relief now?⁣
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5. How much additional property-tax revenue does exceeding the Revenue Neutral Rate generate in FY2027 and what specifically requires that additional money?⁣
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6. What would General Fund reserves look like if Council adopted the Revenue Neutral Rate instead?⁣
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7. And the big one: How much could Lenexa reduce the property-tax rate while still maintaining its reserve policy, AAA/Aaa credit rating and planned services?⁣
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   𝐆𝐨𝐨𝐝 𝐛𝐮𝐝𝐠𝐞𝐭𝐬 𝐬𝐡𝐨𝐮𝐥𝐝 𝐰𝐢𝐭𝐡𝐬𝐭𝐚𝐧𝐝 𝐠𝐨𝐨𝐝 𝐪𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬.⁣
   𝐘𝐨𝐮𝐫 𝐜𝐢𝐭𝐲. 𝐘𝐨𝐮𝐫 𝐫𝐢𝐠𝐡𝐭 𝐭𝐨 𝐤𝐧𝐨𝐰.