NOTICE OF HEARING TO EXCEED REVENUE NEUTRAL RATE AND BUDGET HEARING 2027 The governing body of City of Leawood will meet on September 8, 2026 at 7:00 PM at Leawood City Hall, 4800 Town Center Drive, Leawood, Kansas for the purpose of hearing and answering objections of taxpayers relating to the City’s intent to exceed the Revenue Neutral Rate for the 2027 Proposed Budget and relating to the proposed use of all funds and the amount of ad valorem tax to be levied for the 2027 Proposed Budget. Detailed budget information is available at Leawood City Hall or at www.leawood.org and will be available at this hearing. BUDGET SUMMARY Proposed Budget 2027 Expenditures and Amount of 2026 Ad Valorem Tax establish the maximum limits of the 2027 budget. Estimated Tax Rate is subject to change depending on the final assessed valuation. Prior Year Actual for 2025 Current Year Estimate for 2026 Proposed Budget Year for 2027 Expenditures Actual Tax Expenditures Actual Tax Budget Authority Amount of Proposed Rate * Rate * for Expenditures 2025 Ad Estimated Valorem Tax Tax Rate * FUND General 61,551,514 18.711 62,540,585 18.701 105,296,816 27,321,168 17.873 Debt Service 10,092,564 4.803 9,780,670 4.800 19,411,143 8,601,588 5.627 Special Highway 3,864,000 2,205,000 4,907,436 Special Alcohol 609,930 640,000 971,446 Special Parks & 28,968 1,766,000 3,138,673 Recreation Transient Guest Tax 84,559 1,096,600 4,533,010 Stormwater 256,527 1,047,682 6,449,964 Improvements Economic Development 278,580 6,285,000 6,745,118 Transportation Dev 372,454 321,000 468,597 District Community Improve 1,260,885 1,387,000 1,788,956 District Golf Operating Fund 3,438,732 4,493,268 Non-Budgeted Funds-A 2,748,379 Non-Budgeted Funds-B 39,973,042 Non-Budgeted Funds-C 167,169 Non-Budgeted Funds-D 167,946 Totals 121,456,517 23.514 90,508,269 23.501 158,204,427 35,922,756 23.500 Revenue Neutral Rate** 22,390 Less: Transfers 18,372,262 13,064,000 13,064,000 Net Expenditure 103,084,255 77,444,269 145,140,427 Total Tax Levied 32,791,660 34,225,840 xxxxxxxxxxxxxx Assessed Valuation 1,394,582,021 1,456,299,986 1,528,587,080 Outstanding Indebtedness, January 1, 2024 2025 2026 G.O. Bonds 47,648,071 83,065,000 76,315,000 Revenue Bonds 0 0 0 Other 56,350,000 14,745,000 11,210,000 Lease Purchase 2,874,956 2,387,396 1,901,766 Principal Total 106,873,207 100,197,396 89,426,766 *Tax rates are expressed in mills **Revenue Neutral Rate as defined by KSA 79-2988 City of Leawood, Kansas City Official Title: City Clerk