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Cudahy presents preliminary FY 2025–26 budget showing reserves above policy but flags future shortfalls
Summary
Acting Finance Director Kaye Godbey presented a preliminary FY 2025–26 operating and capital budget to the Cudahy City Council on June 3, showing a 27% general fund reserve, proposed reallocations of staff costs to special revenue funds, and recommendations for user-fee updates and a possible parcel tax to stabilize future years.
Cudahy Acting Finance Director Kaye Godbey on June 3 presented the city’s preliminary fiscal year 2025–26 operating and capital budget and asked the City Council to receive and file the draft and provide feedback before the June 30 adoption deadline.
Godbey said the city’s combined all-funds revenue is proposed at about $39.99 million and the general fund beginning balance meets the city’s policy, at roughly 27% of annual expenses, above the 25% policy threshold. “This budget is required by law to be adopted in June,” Godbey told the council, adding that the presentation is preliminary and subject to revision before final adoption.
The nut graf: the draft budget keeps near-term reserves intact but relies on accounting corrections and future revenue increases to avoid projected deficits beyond FY 2026. Staff reported a deliberate shift of certain…
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