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Alexander City staff outlines FY‑26 budget gaps and circulates draft finance policy
Summary
City staff told the council the general fund faces an estimated $500,000 shortfall driven by lower sales tax receipts and an abatement payout; staff circulated an 80‑page draft financial policy and asked councillors to review appropriations and attend a budget work session.
Alexander City staff reported on the draft fiscal 2026 budget and circulated an 80‑page draft financial policy, telling the City Council the general fund currently shows a deficit while most utility funds remain on track.
Kristen (staff member) told the council that “as of August 17 total revenue we’re seeing is 23,700,000,” and that figure represents roughly three‑quarters of projected general fund receipts so far this year. She said utility funds such as water, sewer, gas, airport and golf vary in how closely they track projections: “water revenue $6,000,070,” “sewer $7,000,000,” and the golf fund was “95% of revenue,” while the nutrition program’s own revenue was “88%” (Kristen said that figure excludes the general fund subsidy and includes an insurance payment).
Kristen said the general fund faces a…
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