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Fountain Hills outlines budget priorities, eyes Lake Liner planning funds
Summary
CFO Paul Soledinger told the council the town finished FY25 with about $38.5 million in total revenues and modest surplus, identified three fund shortfalls (capital projects, streets, and the Lake Liner) and previewed a staff request to budget planning money for the Lake Liner replacement.
At a Nov. budget retreat, Fountain Hills finance director Paul Soledinger said the town closed fiscal 2025 with roughly $38.5 million in total revenues and a modest surplus that left the general fund better than projected. “We brought in 28,500,000 for the year, 2,650,000.00 more than projected,” Soledinger said, pointing to stronger-than-expected sales-tax receipts as a primary driver.
Soledinger told the council staff is intentionally conservative when forecasting revenues and uses excess general-fund…
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