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City of Chester finance staff projects near break-even for 2025, flags pension liability and rising delinquencies
Summary
City finance staff told the Budget & Finance Committee on Oct. 20 that revenues are lagging but expected to catch up, that the city now reports delinquent tax balances, and that a $40 million pension liability sits outside the year-end projection.
City of Chester finance staff told the Budget & Finance Committee on Oct. 20 that the city is projecting to finish 2025 roughly at budget — neither a large surplus nor a significant shortfall — but that a separate $40 million pension liability remains on top of that projection.
Trautman, a city staff member who presented the monthly financial slides, said the presentation was “a continuation of the July and prior months” and that the city expects expenses to escalate toward year end while timing gaps in revenue collections are closing. Trautman said the committee will begin to see a new line in the financials reporting delinquent tax balances; he said August…
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