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Council introduces fiscal-year budget and hears 10-month budget-to-actual update
Summary
Council introduced the fiscal-year 2025–26 budget for public hearing Oct. 7 and received a 10-month budget-to-actual report showing sales taxes holding steady and the new fire-tax levy beginning to be received.
The New Iberia City Council introduced the proposed budget of revenues and expenditures for the fiscal year ending Oct. 31, 2026, and set a public hearing for Oct. 7, 2025. Council also introduced a separate ordinance to allow budget adjustments within a 5% band and set a matching public hearing date.
Finance staff presented a 10-month budget-to-actual report covering the period through Aug. 31, 2025. Staff said sales tax receipts are leveling but that they do not anticipate budget shortfalls based on current trends. The new sales-tax levy for the fire department took effect July 1, and the first payment arrived in September but was not reflected in the 10-month numbers presented.
Staff said the payment related to the fire levy was approximately $148,500 for the city and that they will include the full effects in the next reporting cycle. Council asked whether uncompleted projects would simply roll into the next fiscal year; staff confirmed projects and appropriations will roll forward and that the introduced budget includes adjustments for carryover items.
Council set the budget adoption vote for the next meeting and asked staff to provide any adjustments resulting from project invoices and change orders before final adoption.
