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Avondale officials report healthy reserves but caution one‑time revenue won’t recur
Summary
City finance staff told the City Council the general fund closed fiscal 2024 well above projections, driven largely by construction‑related sales tax, but cautioned that much of that gain is one‑time and the city is budgeting conservatively for FY26.
Avondale finance staff reported that the city ended fiscal year 2024 with general fund revenues about $11,000,000 higher than the March 2024 forecast, driven mainly by contracting and construction sales tax, and that the fund balance entering fiscal 2025 exceeded $120,000,000.
“We ended the year $11,000,000 above that forecast,” said Robert Baer, who gave the financial update. Finance staff also told council that some capital projects budgeted for FY24 slid into FY25, and that when carryovers are considered the effective available balance is lower by about $16,000,000.
Why it matters: Council members and staff said the city will not build ongoing programs or permanent staff positions on revenue they expect to be one‑time. Council and staff repeatedly emphasized maintaining a structural balance—ongoing revenues above ongoing…
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