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Brighton finance team reports solid Q1 revenues, large capital spending planned for 2025
Summary
City finance staff reported first-quarter 2025 results showing $17.5 million in governmental fund revenues (excluding transfers), timing-driven swings in property and use taxes, strong investment earnings and major capital budgets — notably an $87 million water treatment plant — that will use reserves during the year.
City finance staff presented Brighton’s first-quarter 2025 budget and financial update, reporting $17.5 million in governmental revenues (excluding transfers) for the quarter and outlining how timing and major capital projects will shape spending for the year.
Finance Director Katrina Asher and Budget and Performance Manager Catherine Mortensen told the council that quarterly comparisons are affected by timing: property-tax receipts appeared higher in the quarter because of remittance timing but are expected to be down year-over-year when final certified figures are…
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