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Alta budget committee previews FY2026 draft: $100,000 property-tax lift and larger reserve draw discussed
Summary
Alta Budget Committee reviewed the town's draft FY2026 budget at a May 7 meeting and discussed a proposed $100,000 increase in property-tax revenue, a planned larger use of reserves and preliminary budget items tied to the town's pending acquisition of Our Lady of the Snow (OLS).
Alta Budget Committee reviewed the town's draft FY2026 budget at a May 7 meeting and discussed a proposed $100,000 increase in property-tax revenue, a planned larger use of reserves and preliminary budget items tied to the town's pending acquisition of Our Lady of the Snow (OLS).
The committee discussed revenue and spending assumptions that Jen (staff member) presented and flagged two near-term numbers for the council: the property-tax line would be increased by $100,000 and the proposal to use general-fund reserves would rise from $225,000 to $296,000. Roger (Budget committee chair) described the timing for tax decisions, saying, "Truth in taxation is a drawn out process," and reminded members that the council must complete related steps later this year.
Why it matters: the committee's review will feed a council presentation next week and the town must adopt a tentative…
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