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Council restates FY24–25 budget, reviews tentative FY25–26 and sets June 12 hearing
Summary
The council adopted a restatement of the current fiscal-year budget to reflect actuals and set a public hearing for the final FY26 budget on June 12 at 6:30 p.m.; the town reported favorable enterprise fund results and a plan to use MIDA development funds next year.
Hideout’s Town Council on May 8 approved a resolution restating the town’s fiscal-year 2024–25 budget to align it with actual revenues and forecasted expenditures through the end of June. Councilors then reviewed a tentative FY25–26 budget and scheduled a public hearing to adopt the final budget on June 12, 2025, at 6:30 p.m.
Finance director Katie (last name in packet) summarized the restatement and the preliminary FY26 plan. The FY24–25 restatement showed a roughly $279,000 shortfall in general-fund revenues compared with the adopted budget; Katie said the shortfall arose largely…
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