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Finance staff reports low general fund balance and rising TIF balance ahead of budget workshop
5483283 · July 26, 2025
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Summary
Town finance staff told the Stevensville Town Council the general fund balance is low, the TIF fund has grown and the airport fund is under pressure; staff recommended reviewing budgets and potential amendments at upcoming workshops.
Town staff briefed the Stevensville Town Council on July 16 about the town’s cash position and variance to budget ahead of the fiscal-year budget process.
Finance staff gave headline figures: a general fund balance described as “low” and a tax-increment financing (TIF) fund at about $338,000, money restricted to a small area.…
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