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Clarkdale staff presents fiscal 2025–26 budget proposal; council to adopt tentative budget May 27
Summary
Town staff presented the proposed fiscal 2025–26 budget, described revenue pressures from state legislative changes and lower construction-driven sales tax, and proposed keeping the property tax rate flat. The council is scheduled to adopt a tentative budget May 27 and a final budget in late June.
Town Manager Susan Montgomery and finance staff presented the town’s proposed fiscal year 2025–26 budget to the Clarkdale Town Council on May 13, outlining revenue forecasts, major capital projects and next‑step dates for adoption.
At a glance, presenters said the proposed townwide budget is about $47 million and represents roughly a $4 million increase from the current year; staff emphasized that most of that increase is driven by grants and donations rather than local taxes or fees. Montgomery recommended keeping the property tax rate flat at 1.344 per $100 of assessed value for the coming fiscal year.
Why it matters: Staff told the council the town faces reduced state shared revenue (a roughly $67,000 impact attributed to the state’s flat‑tax changes) and a projected $250,000 decrease in local sales tax…
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