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Waterford council reviews preliminary FY 2025-26 budget and signals possible support for youth football program
Summary
City staff presented a balanced preliminary general fund budget for FY 2025-26 and outlined capital projects and grant-funded work; council members asked staff to meet with the Waterford Sabercats about possible one-time or reimbursement-based assistance and noted the city’s strong reserve position.
Waterford City Council reviewed the preliminary fiscal year 2025-26 budget at its meeting and heard public comment from the Waterford Sabercats seeking support for uniforms and equipment.
Budget presenter Cynthia said the city’s preliminary general fund is balanced. The presentation showed about $4.9 million in general fund revenues, operating expenses of roughly $4.882 million and an anticipated reserve balance of about $3.518 million — roughly a 70% reserve level compared with the city policy target of 50%.
The budget presentation listed major revenue lines including motor vehicle/property in-lieu payments (just over $1 million), utility user tax ($745,000), sales tax ($710,000) and property tax ($632,000). Operating expenditures are led by police services at roughly $2.6 million; administration at about $948,000;…
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