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City finance manager warns of multi-year shortfall; council told to prioritize revenue
Summary
Interim staff presented a draft summary budget showing a roughly $2 million shortfall for FY 2025-26 and recommended a revenue-first strategy to avoid structural deficits, including a planned sewer rate increase and pursuit of sales-tax-generating development.
The council received a presentation of a draft budget framework that staff said would leave the city with a multi-year structural shortfall if new revenue is not secured. Michael Ormsbee, the city’s outgoing finance manager, told the council the city faces a roughly $2 million shortfall in 2025-26 and an ongoing $1.1–1.5 million annual gap thereafter unless new…
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