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Fort Smith officials see roughly $10 million shortfall in preliminary FY26 general fund review
Summary
CFO Andy Richards told the Fort Smith Board of Directors a preliminary FY26 budget shows about a $10 million deficit and a projected 12% fund balance; officials discussed options including cuts, a 10% hiring/holdback and moving River Valley 911 costs to a separate fund.
CFO Andy Richards told the Fort Smith Board of Directors during a special study session that the city’s preliminary fiscal year 2026 general-fund request shows roughly a $10,000,000 shortfall and a projected fund balance of about $7,700,000 (12%).
Richards said the city has been refining department submissions and that the FY25 amended deficit had already been trimmed from about $19.4 million to $17.5 million. He said the FY26 preliminary request still includes all department capital and personnel asks and has not yet been fully reconciled with administration reviews.
The shortfall was…
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