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Building & Safety enterprise fund projects multi‑year shortfall; board eyes fee study and expense controls
Summary
City of Las Vegas Building & Safety staff told the Enterprise Fund Board the division has run monthly deficits since August, projects a roughly $2 million shortfall for FY25, and faces a larger FY26 gap without fee adjustments or higher permit volumes. Staff said reserves and potential fee studies will be used to manage the shortfall.
Michael Cunningham, deputy community development director and building official for the City of Las Vegas, told the Building & Safety Enterprise Fund Board that permit revenues have declined and the division has recorded monthly deficits since August.
Cunningham said the division projects FY25 revenue of $14,298,930, down from a budgeted $16,498,000 — a shortfall of just over $2 million. On the expenditure side he reported projected FY25 expenses of $15,878,585 compared with a budgeted $17,871,000, which would put the fund “in the red at the end of the year by a little over almost $2,000,000.”
For the tentative FY26 budget, Cunningham said updated finance projections put revenue at…
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