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Finance staff say most property taxes received; preliminary FY26 budget shows shortfall
Summary
Finance staff told the Budget and Finance Committee that the majority of property taxes for the year have been collected, but the preliminary fiscal 2026 budget shows a deficit. A full audit draft was received and auditors are expected to present to the committee in early May.
Miss Holdren, a finance office staff member, told the Budget and Finance Committee on a routine meeting that the majority of property taxes for the fiscal year had been received and that staff are working through delinquency collections.
The accounting staff distributed financial reports Friday, Miss Holdren said, and sent another set of bills in March to try to capture outstanding payments. “A lot of special situations have happened in March. So we're trying to get that to full collection,” she said. She offered to answer questions from committee members.
Committee members heard that the city is still awaiting final assessment numbers from both property assessors; Miss Holdren said…
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