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Clayton posts FY25 third‑quarter financial update; managers prepare FY26 budget
Summary
Town budget staff reported quarter‑three (through March 31) FY25 results: general fund revenues near budget, permits and fees outpacing projections, personnel spending below budget due to vacancies; managers expect to deliver the recommended FY26 budget in May with first reading set for May 19 and potential adoption June 2.
Budget staff presented Clayton’s third‑quarter fiscal update for FY25 and outlined the FY26 budget development schedule.
Budget Manager Todd Melton told the council the report covers fiscal year 2025 through March 31. He said general‑fund revenues are tracking close to budget while expenses are slightly under, primarily because of lapsed salaries from vacant…
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