General fund shortfall and property tax
Where it standsThe council approved a 2026-27 property tax request of $9,886,943 on a 4-4 tie broken by the mayor. About $2.4 million in reserve cash is still needed to balance the general fund.
What's on the tableWhether and how to close the structural gap in future budgets through taxes, fees or cuts.
- The levy rate rises from 37.9 to 40.6 cents per $100 of taxable valuation, the maximum increase allowed under Nebraska law. Hastings Tribune · Sep 16, 2026
- The projected general fund shortfall fell from as much as $3.6 million to around $2.4 million after the vote. Hastings Tribune · Sep 16, 2026
- The mayor and members supporting the increase said the city's reserve cash could run out by 2029. Hastings Tribune · Sep 16, 2026