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Plattsburgh council hears five-year budget forecast showing deficit beginning 2026
Summary
City finance staff presented conservative five-year revenue and expense projections showing a projected general-fund deficit beginning in 2026 and a shrinking fund balance if assumptions hold; councilors discussed tax-rate choices, capital spending and next steps for updated project costs.
Plattsburgh Common Council members reviewed a five-year budget forecast that projects the city’s general fund will move into a deficit starting in 2026 if current revenue and spending assumptions hold.
Finance staff presented projections that assume about 2.6–3% inflation and modest growth in sales and use taxes; under those assumptions the general-fund unassigned fund balance would fall from roughly $7.6 million to about $3.0 million over the five-year horizon. The staff presentation showed a deficit “in parenthesis” beginning in 2026 of about $1 million or more based on those conservative estimates.
Council members…
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