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Shelton finance director reports tight general fund, projects close to budget as city prepares 2026 planning
Summary
Finance Director Mike Giddens told the Shelton City Council on May 20 that March estimates show revenue roughly on target and expenses slightly under budget, but warned the general fund is running on close margins as the city readies the 2026 budget.
At the May 20 council meeting, Finance Director Mike Giddens presented the March financial report, saying the month represents roughly 25% of the fiscal year and gives staff a useful early read on revenue and expenditures.
Giddens told the council that revenue is estimated to come in “just slightly above target” while estimated actual expenses are about $314,643 under budget. He noted approximately…
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