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City administrator warns of possible bankruptcy as council begins 2026 budget process
Summary
City staff presented preliminary 2026 revenue projections showing a modest increase but not enough to close a prior deficit; the city administrator said staff reductions are under consideration to stabilize finances and warned the city could face insolvency in about five years if current trends continue.
City staff presented preliminary revenue estimates for the 2026 budget and the city administrator told the council that staff reductions and other cuts will likely be needed to stabilize Aberdeen’s finances.
Tara Denver, contract CPA, walked the council through preliminary general-fund revenue projections, saying the budget projects an approximate 2.6% increase — about $557,000 — over the 2025 budget but noted a slight decrease when comparing 2025 actuals to 2026…
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