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Holland council approves FY2025 year-end budget amendments; $1.9M pension timing shifted to FY2026
Summary
Council approved routine year-end amendments including an extra $494,450 in general fund revenue, transfers to budget stabilization and the civic center, and delayed a $1.9 million pension payment into FY2026 to allow additional analysis.
The Holland City Council on June 18 approved fiscal year 2025 year-end budget amendments that include increased general fund revenue, targeted transfers to reserves, and an accounting timing decision to shift a $1.9 million pension-related payment into the next fiscal year.
Lynn (Fiscal Services Director) told council the city received a late personal property tax replacement reimbursement and proposes increasing general fund revenues by $494,450; matching…
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