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City finance director warns of structural deficit; May 5 retreat will examine service levels
Summary
Shelton’s finance staff presented February financials showing a projected use of the ending fund balance of roughly $916,243 for 2025 and urged discussion of service-level choices at a May 5 retreat; sales-tax receipts are down compared with last year.
Shelton’s finance staff presented the city’s monthly financial report for February at the April 15 meeting and told the council the city is forecasting to use roughly $916,243 of its ending fund balance in 2025, leaving a projected unreserved balance of about $1.2 million by year-end if current trends hold.
The presenter, identified in the meeting as Mike, said sales-tax collections are down compared with January–February 2024 and noted sales tax…
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