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Hanover presents fiscal 2025 second-quarter report showing projected general fund surplus ahead of FY26 budget talks
Summary
Finance director reported midyear projections showing revenues above and expenditures below the appropriated budget, producing a projected operating balance that will be used in the FY26 county and school budgets and capital plans.
Lauren Dahl, finance division director, presented the county’s fiscal 2025 second-quarter financial report covering the six months ended Dec. 31, 2024, and projected the year ending June 30, 2025. Dahl said general fund revenues through Dec. 31 were about $169.9 million (roughly 45.5% of appropriated revenues) and projected total year revenues of approximately $384.8 million, roughly $11.2 million higher than the appropriated budget.
Dahl attributed the positive…
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