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Council hears staff plan for a 3–12% revenue stabilization reserve; staff to draft resolution
Summary
Staff proposed establishing a general fund revenue stabilization reserve sized between 3% and 12% of sales and property tax revenue to smooth year‑to‑year volatility; council provided feedback and staff will draft a resolution for future adoption.
City finance staff presented a proposed policy framework on Jan. 28 to create a general fund revenue stabilization reserve sized at 3% to 12% of sales and use tax and property tax revenue, a reserve intended to smooth year‑to‑year swings in volatile revenue sources.
"The goal of this reserve is to really be able to smooth peaks and valleys in our lehi predictable revenue sources," said Caleb, finance staff, describing the reserve as a budgeting tool distinct from the city's two‑month (16.7%) emergency reserve. Staff estimated the 3–12% range would equal about $3 million to $13 million based on 2025 budget figures.
Nut graf: Staff said the recommendation follows consultant work on revenue volatility and an internal review that found Greeley's revenue base is more volatile than national and Colorado medians, driven in part by a larger…
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