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Council adopts midyear budget adjustments amid sales‑tax uncertainty; reserves remain above policy
Summary
Saint Helena’s council adopted midyear budget adjustments for fiscal 2024–25 on Feb. 25. Staff recommended conservative reductions in sales‑tax estimates, modest increases in investment earnings and specific expense adjustments; the city expects to use reserves but projects an unassigned general fund balance above the council’s 30% policy.
The Saint Helena City Council on Feb. 25 adopted midyear budget adjustments for fiscal year 2024–25 after staff presented revenue and expenditure updates and recommended targeted changes.
Administrative Services Director Mandy Kellogg told the council general‑fund revenues increased overall in 2023–24 but sales tax and certain other revenue streams have softened compared with pandemic-era peaks. For the current fiscal year, staff recommended decreasing sales tax projections to be conservative, increasing projected investment earnings based on recent performance and increasing property-tax projections after receiving updated county figures. Kellogg reviewed that total…
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