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Shelbyville council debates shrinking fund balance, ARP use and flood pump contingency
Summary
Council members and staff spent much of a May 23 budget workshop debating a proposed drawdown of the general fund balance, whether to use reserves for operations, and how $6.7 million in ARP funding and a planned flood-pump project affect the city's fiscal outlook.
Shelbyville council members and staff on May 23 focused on the city's falling general fund balance and whether the proposed 2025'26 budget appropriately uses reserves and federal ARP dollars.
Vice Mayor Christie, council member William and other council members pressed city staff about a multiyear decline in the general fund. Officials presented figures showing the general fund balance falling from about $23 million to $16 million and a proposed further drawdown to roughly $8 million over several years if the current plan remains unchanged. City Manager Scott McKay and Treasurer Kaye Parker explained that roughly $4.6 million of recent transfers out of the general fund were to capital projects and about $4 million reflected operating…
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