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Lewisburg council approves ordinance amending 2024–25 budget; finance staff outlines revenue outlook
Summary
The Lewisburg mayor and council approved Ordinance 25-05 on second reading to amend the fiscal 2024 and 2025 budget. Finance staff reported a modest rise in assessed values and said major revenue categories are tracking close to budget.
The mayor and council of the City of Lewisburg voted to approve Ordinance 25-05, an amendment to Ordinance 24-10 that adjusts the city’s fiscal 2024 and 2025 budget, at their regular meeting on Tuesday.
The vote on the ordinance was taken on second reading and was recorded as all members voting in the affirmative. Councilwoman Thomas moved for approval and Councilwoman Michael seconded; the roll call recorded Aye votes from Councilmen Burns, Robertson (Robinson in roll call), Crutcher, Michael and Councilwoman Thomas.
The ordinance amendment authorizes the budget changes described in the staff presentation and was approved as presented. The adopted language in the meeting packet was described as “amendment number 1” to the city’s annual budget ordinance.
City finance staff provided context during the meeting. Staff member Alan told the council that preliminary assessment numbers from the tax assessor show total real and personal property values up “about 20,800,000” or roughly 5.4 percent for the coming year. Alan also reported that the city had collected $5,000,125 through the prior week, which he said is 97.6 percent of the current fiscal year’s budgeted $5,250,000 figure.
Alan told the council the administration is finalizing a draft budget and will present it to the budget committee next week. He characterized sales tax and state sales tax collections as “trending right on target” with budgeted projections.
Discussion in the meeting distinguished the formal approval of the ordinance from staff budget work. The motion to adopt Ordinance 25-05 was a formal legislative action; the finance figures presented by staff were informational and will inform the upcoming budget committee review.
The council took no further amendments to the ordinance at the meeting and the ordinance passed on the recorded roll call.
Less-critical budget background and the administration’s next steps — including the budget committee meeting and a draft to be reviewed there — were summarized for council members before adjournment.
