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Riverview finance staff presents conservative general fund budget; keeps millage estimate unchanged
Summary
City finance staff recommended budgeting a conservative 2025 general fund estimate and outlined revenue drivers including property taxes, state shared revenue, a new marijuana sales tax line and one-time transfers; the council was briefed on capital placeholders and next steps for public hearings.
Riverview finance staff presented a draft general fund budget and recommended keeping the taxable-value/millage estimate conservative rather than assuming a higher figure tied to an unresolved DTE exemption.
The recommendation matters because the general fund is the city's primary discretionary operating fund. Finance staff said they prefer to budget using the lower estimate so the city will “need to live within our budget” if a higher assessed value is later reversed or removed.
Finance director Anne (identified in the meeting as the presenter of the general fund material) told council members the meeting would “concentrate on general fund, which is where most of the spending is, for the government.” She drew attention to the millage and taxable-value estimates and said she received…
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