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Finance director reports strong first-half finances; July financials, midyear budget adjustments upcoming
Summary
The finance director told council June 2025 financials show strong income-tax receipts and expenditures within budget, noted a July bond refinancing that saved about $2.6 million and reaffirmed the city’s AAA ratings; staff will present July results and midyear budget changes at upcoming meetings.
The City’s finance director briefed council on the June 2025 monthly report during the Aug. 18 meeting, saying income-tax revenues are performing well and expenditures remain within budget. “Financials are strong,” the finance director said, noting the first five months of the fiscal year showed favorable results.
The director highlighted a July refinancing…
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