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University Heights schedules May 27 public hearing on FY25 amended budget; city projects $1.5 million cash balance
Summary
Staff presented highlights of the FY25 amended budget and notified the council that a public hearing is scheduled for May 27; the amendment reflects a $150,000 local option sales tax increase, removal of speed-camera revenue, capital-project timing shifts and projects an ending cash balance of about $1.5 million.
The University Heights City Council on May 13 heard staff presentation of the proposed amended fiscal-year 2025 budget and set a public hearing for May 27. Finance staff and the city treasurer circulated the amended budget and a public-notice proof to the Press-Citizen for publication.
Staff summarized key adjustments from the budget certified a year earlier: an estimated $150,000 increase in local option sales-tax receipts; an increase in charges…
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