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Mount Shasta receives unaudited budget report showing projected deficit; council flags possible sales‑tax measure
Summary
Finance staff presented unaudited FY24‑25 results and a revised 25‑26 projection showing an estimated $295,000 deficit and negative early‑year cash flow. Council discussed service reductions and a potential sales‑tax measure to address structural shortfalls.
Mount Shasta's finance staff presented unaudited year‑end numbers and a revised projection for FY 2025‑26 that show the city faces a structural shortfall unless revenues improve.
Finance presenter Melissa said the general fund receives about $6.2 million in revenue annually but must pay roughly $1.06 million early in the fiscal year for fixed obligations including insurance, PERS (retirement) liabilities and debt service. Closing a garbage enterprise fund in the prior year…
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