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City reports improved midyear finances but council debates notifying county about possible mill‑rate increase
Summary
City staff reported a slightly stronger midyear outlook for the general fund and reduced the projected draw from reserves, while the council debated whether to notify the county that it may consider exceeding its revenue-neutral mill rate in 2026.
Josh MacInarney, the city’s Division Director of Budget and Finance, told the governing body the general fund is projecting $119 million in revenue for 2025 and that major sources—property taxes and sales taxes—are tracking slightly ahead of last year. MacInarney said collections for the fiscal year indicate the planned draw from the unassigned reserve to balance the budget likely will be smaller than originally forecast: instead of a $10.6 million draw the city now projects needing roughly $9.5 million if current conditions hold and no fall recruit classes for police or fire are added.
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