C I T Y O F C E DA R R A P I D S
Budget Summary FISCAL YEAR 2027 ( JULY 1, 2026 –JUNE 30, 2027)
What is the City Budget? The City Budget is Cedar Rapids’ yearly plan for how we use money to serve our community. The budget aligns with City Council’s strategic goals, authorizes resources, and establishes direction for City programs and services.
TOTAL FY27 BUDGET
STEADY PROPERTY TAX RATE
$928 MILLION
NO PROPERTY TAX RATE INCREASE
Planning the City Budget
FY28 BUDGET PUBLIC MEETINGS (TENTATIVE)
Work on City budgets begins up to two years before the money is spent. Each budget is finalized just months before a new Fiscal Year begins.
We invite the public to join us at City Hall (101 1st Street SE) for our next budget meetings:
YOUR VOICE MATTERS We include the public’s priorities in many ways, including:
ANNUAL SURVEY December
MARCH 23, 2027 | 3PM
Public Hearing on Property Tax
APRIL 27, 2027 | 4PM
Public Hearing for Budget Adoption
PUBLIC HEARINGS March & April
Learn more at CityofCR.com/Budget.
How We Spend Money (FY27)
EXPENSE TERMS
Every dollar the City collects is allocated to services and improvements that keep Cedar Rapids safe, efficient, and prepared for future growth.
BUSINESS TYPE — Utilities, Transit, Golf, Airport, Cedar Rapids-Linn County Solid Waste Agency, and entertainment venues
expense plan: $928 MILLION capital projects, 17% public safety, 9%
Business Type, 55%
CAPITAL PROJECTS — Tax-supported capital improvements infrastructure like roads, the Flood Control System, and trails PUBLIC SAFETY — Police, Fire, Building Services, and Animal Control DEBT SERVICE — Principal and interest payments on tax-supported bonds or loans for capital projects
Debt Service, 5%
COMMUNITY & ECONOMIC DEVELOPMENT — Community and economic development, including tax-increment financing areas
community & economic Development, 4%
PUBLIC WORKS — Maintenance of roads, bridges, traffic-control devices, and street lighting
public works, 4%
GENERAL GOVERNMENT — Administrative areas like
General Government, 4%
Finance, Information Technology, City Council, City Manager, etc.
culture & Recreation, 2%
CULTURE & RECREATION — Parks, recreation, pools, and libraries