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Shelby council hears positive tax receipts but flags thin street fund; approves $50,000 advance option for street operations
Summary
Council report: year‑to‑date tax receipts up about $300,000 from prior year; street fund low after encumbrances (about $3,000) and council passed an ordinance to allow an up-to-$50,000 advance from the general fund to the street department, repayable by year-end or forgiven by council.
Council members reviewed the city’s financial statements and cash investment reconciliation for April 2025 and approved a measure to allow an advance to the street department to cover early-year expenses.
Councilman Martin summarized the financial report, saying tax receipts through April were stronger than the same period last year and the city was up roughly $300,000 year over year. Still, he said the street…
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