2027 City Budget
Summary
The city is rolling out its 2027 budget under Indiana's SEA 1 property tax law, which cut Carmel's taxable net assessed value by about $199 million. The mayor says priorities like public safety, parks and arts are preserved this year, but warns 2028 and 2029 will be much harder.
At a glance
- Total mentions
- 6
- Last 30 days
- 4
Rising — discussed at 3 meetings since Sep 28, 2026, up from 1 in the two months before.
Impact analysis
The city is budgeting $5.7 million from the general fund to cover debt service that property taxes would normally back.
Residents keep city services and quality-of-life programming intact for another year.
Some councilors noted wish-list items and infrastructure improvements were deferred given the lean revenue outlook.
Mentions & discussions (6)
Finance, Utilities and Rules Committee Meeting - Oct 19, 2026
The city will keep its property tax rate at 0.7783 for 2027 — and because assessed values dropped under new state law, the city will collect roughly $2 million less while many homeowners see lower bills.
City Council Meeting - Oct 19, 2026
The council adopted next year's city budget, keeping the property tax rate flat at 0.7783 for a third straight year. Because new state deductions cut the city's take at the same rate, councilors called it the tightest budget in memory — but it still protects street funding, police and fire positions, and arts grants.
Carmel City Council approves 2027 budget
Carmel City Council approves 2027 budget WRTV
City Council Meeting - Oct 5, 2026
The city formally introduced its 2027 budget and salary ordinances, and moved to keep the property tax rate flat at 0.7783 per $100,000 of assessed value. That rate stability matters for every homeowner's property tax bill.
2027 Budget Q & A with City Administration and the City Council - Sep 28, 2026
The city is rolling out its 2027 budget under Indiana's SEA 1 property tax law, which cut Carmel's taxable net assessed value by about $199 million. The mayor says priorities like public safety, parks and arts are preserved this year, but warns 2028 and 2029 will be much harder.
Finance, Utilities and Rules Committee Meeting - Aug 3, 2026
The city is changing how the budget gets built and shared: draft budget and department presentations posted online September 8, a Q&A with the mayor September 28, and adoption October 19. Councilors pushed to make sure every public question and answer gets posted, and worried the two-hour Q&A is too short.
We'll email you when it's on an upcoming agenda and when it's voted on, at most once a day.
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