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Fredericksburg staff present FY26 proposed budget showing larger deficit after one‑time revenues removed
Summary
City staff and council reviewed a draft fiscal year 2026 budget that shows revenues falling when one‑time items are removed, producing a larger projected deficit and a timetable for finalizing the package in mid‑July.
City finance staff reviewed a draft fiscal year 2026 budget Thursday and told the Fredericksburg City Council that removing one‑time receipts leaves the city with a larger projected deficit.
Krista, finance staff, said the city’s amended fiscal 2025 revenue total is about $74 million and expenses about $79.5 million, leaving a roughly $5 million shortfall in the current year. The proposed FY26 request, she said, shows a larger gap — about $9.7 million — driven in part by the removal of two one‑time revenues: a $2.6 million stormwater…
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