State of Kansas City NOTICE OF BUDGET HEARING 2026 The governing body of City of Wichita will meet on August 26, 2025 at 9:00 AM at 455 N Main Wichita KS 67202 for the purpose of hearing and answering objections of taxpayers relating to the proposed use of all funds and the amount of ad valorem tax. Detailed budget information is available at and will be available at this hearing. BUDGET SUMMARY Proposed Budget 2026 Expenditures and Amount of 2025 Ad Valorem Tax establish the maximum limits of the 2026 budget. Estimated Tax Rate is subject to change depending on the final assessed valuation. Prior Year Actual for 2024 Current Year Estimate for 2025 Proposed Budget Year for 2026 Proposed Actual Tax Actual Tax Budget Authority Amount of 2025 Estimated FUND Expenditures Rate * Expenditures Rate * for Expenditures Ad Valorem Tax Tax Rate * General 315,167,342 25.099 328,416,373 25.099 380,407,871 137,564,153 25.316 Debt Service 78,930,347 7.717 74,796,183 7.717 102,491,812 38,037,173 7.000 Economic Development 1,784,990 1,672,378 2,373,686 Stabalization Reserve 37,719,438 Affordable Housing 3,700,000 370,000 Homelessness Assistance 382,730 382,736 382,736 Tourism & Convention 8,407,875 16,842,899 13,829,435 Special Alcohol Programs 3,112,087 3,393,457 4,898,568 Addiction Settlement Recovery 105,613 812,441 2,612,441 Special Park & Rec. 3,183,867 3,297,179 3,476,371 Landfill Post Closure 329,200 1,481,744 8,197,422 Building & Construction 3,323,424 3,746,516 5,223,924 Downtown Parking 1,350,203 3,139,925 4,523,643 City/County Joint Operations 4,713,692 5,865,616 5,990,030 Municipal Court Restricted 79,452 665,000 3,665,000 Century II 4,657,861 4,792,948 4,989,222 Ice Rink 1,149,395 1,386,891 1,451,707 TBID 3,809,615 4,004,871 4,082,252 CID 2,251,533 2,325,924 2,505,804 Cemeteries 89,810 124,861 1,490,834 Sales Tax Const. Pledge 42,550,683 39,583,638 53,315,114 Sewer Utility 58,923,359 75,309,531 82,354,357 Water Utility 99,848,732 121,557,988 132,893,791 Stormwater Utility 10,248,889 11,446,226 23,515,755 Landfill 3,306,052 3,819,616 3,579,535 Information Technology 16,619,805 18,187,263 19,749,610 Equipment Motor Pool 16,840,297 17,793,610 20,991,059 Self Insurance 56,019,054 74,645,902 77,864,440 Totals 737,185,907 32.816 823,191,716 32.816 1,004,945,857 175,601,326 32.316 Revenue Neutral Rate** 30.198 Less: Transfers 15,258,906 14,868,811 17,158,042 Net Expenditure 721,927,001 808,322,905 987,787,815 Total Tax Levied 164,093,246 164,093,246 xxxxxxxxxxxxxxxx Assessed Valuation 5,011,534,925 5,000,375,156 5,433,881,828 Outstanding Indebtedness, January 1, 2023 2024 2025 G.O. Bonds 523,740,000 522,825,000 531,380,000 Revenue Bonds 540,396,417 664,001,967 668,861,772 Other 93,712,523 178,902,489 253,141,896 Lease Purchase Principal 0 0 0 Total 1,157,848,940 1,365,729,456 1,453,383,668 *Tax rates are expressed in mills **Revenue Neutral Rate as defined by KSA 79-2988 Paul Leeker City Official Title: City Clerk