State of Kansas City NOTICE OF BUDGET HEARING 2027 The governing body of City of Wichita will meet on Tuesday, August 25, 2026 at 6:00 PM at 455 N. Main St., 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 455 N. Main St., Wichita, KS 67202 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 for 2027 Budget Authority Amount of 2026 Estimate FUND Expenditures Actual Tax Rate* Expenditures Actual Tax Rate* for Expenditures Ad Valorem Tax Tax Rate* General 334,724,814 25.099 346,896,182 25.335 395,405,189 148,864,159 25.505 Debt Service 75,965,374 7.717 78,839,261 7.005 113,607,668 39,893,610 6.835 Stabilization Reserve 4,000,000 39,000,000 Economic Development 1,081,579 1,464,136 3,010,936 Homelessness Assistance 382,736 382,736 382,736 Affordable Housing 1,597,351 837,351 Tourism & Convention 16,724,451 10,373,457 13,512,609 Special Alcohol Programs 3,248,507 4,005,138 4,415,811 Addiction Settlement Recovery 85,397 1,210,000 2,810,000 Special Park & Rec. 3,297,179 3,114,827 3,070,684 Landfill Post Closure 389,143 1,026,298 7,950,236 Building & Construction 3,483,438 4,085,501 5,196,251 Downtown Parking 2,747,828 2,988,389 3,360,441 City/County Joint Operations 5,274,102 5,930,659 6,189,870 Municipal Court Restricted 30,903 665,000 3,790,823 Century II 4,748,865 5,381,412 5,477,137 Ice Rink 1,124,410 1,343,939 1,455,066 TBID 3,641,157 4,058,288 4,119,004 CID 1,915,824 2,055,130 2,268,444 Cemeteries 84,649 311,834 1,350,361 Sales Tax Const. Pledge 39,583,638 44,516,866 57,081,408 Sewer Utility 44,834,477 76,786,418 108,740,907 Water Utility 78,971,762 132,893,791 164,528,768 Stormwater Utility 14,904,538 19,899,346 36,901,444 Landfill 2,475,023 3,579,535 6,386,569 Information Technology 17,641,447 19,565,115 19,888,334 Equipment Motor Pool 17,637,221 19,083,013 19,858,354 Self Insurance 64,448,935 77,797,699 79,686,407 Central Services 30,722,725 Totals 739,447,397 32.816 873,851,321 32.340 1,141,005,533 188,757,769 32.340 Revenue Neutral Rate** 30.086 Less: Transfers 14,511,526 16,697,777 17,106,592 Net Expenditure 724,935,871 857,153,544 1,123,898,941 Total Tax Levied 164,093,246 175,601,325 xxxxxxxxxx Assessed Valuation 5,000,375,156 5,429,842,340 5,836,665,696 Outstanding Indebtedness, January 1, 2024 2025 2026 G.O. Bonds 522,825,000 531,380,000 518,745,000 Revenue Bonds 664,001,967 668,861,772 731,874,225 Other 178,902,489 253,141,896 320,956,651 Lease Purchase Principal 0 0 0 Total 1,365,729,456 1,453,383,668 1,571,575,876 *Tax rates are expressed in mills ** Revenue Neutral Rate as defined by KSA 79-2988 Shinita Rice City Official Title: City Clerk