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Carmel finance staff report revenue above target, outline earlier budget timetable and new review steps
Summary
City finance staff told the Common Council on July 21 that year‑to‑date revenues are about $3 million above plan, spending is below target, and they proposed a detailed budget calendar that shifts more review into September and asks departments to provide line‑item detail earlier.
CARMEL, Ind. — City finance staff told the Carmel Common Council on July 21 that year‑to‑date revenues for the first half of 2025 were roughly $79 million versus a planned $76 million, and they outlined a new calendar for this fall’s budget review and public hearings.
The finance presentation by Zach Jackson and staff emphasized that the revenue surplus—about a 3.9 percent increase over the mid‑year forecast—largely reflects timing of property‑tax receipts and not an increase to the overall annual target, which the staff said remains about $147.2 million. Jackson said planned spending is running below forecast: general fund spending was about $69.2 million versus a planned $72.1 million, or roughly $2.9 million under expected year‑to‑date outlays.
City offici…
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