The Princeton City Council met on Monday, August 10, to discuss the proposed FY 2026-2027 budget and take action on several items related to the city’s tax rate, infrastructure, long-range planning, development, and community services. The meeting can be viewed in the city’s Video Archive.
During work session discussions, the council received an update on the proposed annual budget, which focuses on maintaining essential city services while addressing the needs of Princeton’s growing community. Proposed investments include streets and sidewalks, public safety, parks and recreation, development services, and long-term infrastructure planning.
The council held a public hearing regarding the proposed FY 2026-2027 Annual Budget and approved the proposed tax rate ceiling associated with the budget. Council members also approved the city’s calculated No-New-Revenue Tax Rate of $0.445102 per $100 of taxable value and Voter-Approval Tax Rate of $0.441143 per $100 of taxable value.
Additionally, the council held a public hearing and approved amendments to the city’s development regulations for data centers. The amendments limit data centers to the M-2 Heavy Manufacturing District with approval of a Specific Use Permit, revise the definition of a data center, and establish development standards specific to this type of use. The council directed that Section 4 apply to all development districts.
