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Council trims sales-tax growth assumption; sends budget back for revised forecasts and 10-year plan
Summary
After a lengthy presentation of the draft general fund and internal service budgets, the City Council instructed staff to re-run revenue projections with a lower sales-tax growth assumption (from 2.5% to 2.0%) and return May 20 with ramifications and an updated 10-year forecast.
Reddings City Manager and finance staff presented a draft general fund and internal service funds budget that included proposed expense reductions and a revenue forecast council members debated at length. Council directed staff to rerun the budget using a lower sales-tax growth assumption and to return with the fiscal implications and an updated 10-year plan.
City Manager Barry Tippen and Finance Director Greg Robinette led a multi-hour presentation that reviewed the citys cash history, lingering effects from previous yearsone-time federal dollars and a multi-year structural deficit the city has been addressing since 2023. "When we adopted the current budget, we adopted it with a structural deficit," Tippen said,…
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