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Paris finance staff outline FY2025-26 budget changes, propose 0.47239 tax rate and insurance increase
Summary
Interim finance director Beverly presented updates to the FY2025-26 budget including delayed police software, a waterline extension, projected general fund shortfall, an employer health-insurance increase from $650 to $700 per month, and a proposed tax rate of 0.47239.
Interim finance director Beverly presented updates on the proposed fiscal year 2025-26 budget and asked the Paris City Council whether it wanted additional workshops before finalizing the plan.
Beverly said key changes since the last briefing include postponing a planned police software purchase into the next fiscal year after staff found compatibility issues with fire and EMS, adding a waterline extension along the loop to address a developer's connection needs, and adding a financial-forecasting strategic plan…
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