Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the City Finance topic
No spam. Unsubscribe anytime.
City finance chief outlines midyear picture: one-time permit revenue masks structural deficit
Summary
City staff reported midyear general-fund revenues at 54% of budget, buoyed by roughly $6.2 million in one-time permit revenue from Northwestern projects. Without that windfall, the general fund would be in a larger deficit; pension funding and expiring ARPA funds are highlighted as challenges for the 2026 budget.
Clayton Black presented the fiscal 2025 midyear update to the council on Sept. 8, saying "year to date through June, in terms of revenues in the general fund, they were at 54% of budget." He cited $6.2 million in unbudgeted permit revenue from Northwestern educational buildings and said the June general-fund balance was about $52 million. Black warned that "were it not for that one-time permit revenue, we would be sitting at a net deficit" and that pension funding increases and the loss of ARPA funds in 2026 create budget pressures.
