Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Council hears draft 2026 budget; finance director warns of reserve shortfall and lower capital transfers
Summary
Staff presented a draft fiscal 2026 budget that keeps the millage near current levels but forecasts lower transfers for capital projects and warns reserves could fall to levels that limit discretionary spending.
Town staff presented a draft fiscal‑year 2026 budget on Aug. 5 and warned the Town Council that revenue growth and one‑time sources that boosted prior years are not expected to continue, leaving less money for capital projects.
The presentation outlined projected revenues of approximately $4.3 million and proposed expenditures by fund, with staff estimating a shortfall in non‑property revenues and transfers that would reduce the general fund's available money for capital to an estimated $88,000 after maintaining a 25% operating reserve target.
Staff said the town faces the end of some…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
