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Committee hears FY25 financial update; city still projecting $3 million general-fund deficit
3842298 · June 2, 2025
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Summary
Finance staff told the Budget and Finance Advisory Committee that April financials show property-tax collections above budget but the city still projects about a $3,000,000 deficit in the general fund as it approaches fiscal year end.
The Budget and Finance Advisory Committee heard an update on fiscal year 2025 finances showing stronger-than-expected property-tax collections but an overall projected general-fund deficit of about $3,000,000.
Miss Holden, finance…
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