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Hideout reports FY25 finances largely on budget; MIDA funds to be retained
Summary
Town staff told the Hideout Town Council the FY25 actuals plus forecast are roughly on budget and that the municipal impact of higher permit activity and operational savings means the town will keep MIDA funds for future growth instead of using them in FY25.
Hideout staff told the Town Council on Jan. 9 that the town’s fiscal 2025 actuals plus forecast are running generally on budget and that expected operational efficiencies and stronger residential development mean the town does not plan to use budgeted MIDA funds this fiscal year.
Katie (finance staff) presented December actuals plus the year‑end forecast, saying the town is “flat to budget” overall and that a roughly $133,000 shift between the general fund and the MIDA fund will net to…
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