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Council accepts updated financial report showing lower interim revenue; reconciliations pending
Summary
Goshen’s council accepted an updated financial report showing a beginning cash balance of $105.5 million, receipts of about $44.35 million and spending of about $54.14 million for a reported Oct. 31 balance of $95.7 million; staff cautioned reconciliations were incomplete and two major revenue distributions (LIT and property tax) are still expected.
The Goshen Common Council voted Nov. 17 to accept an updated financial report summarizing the city’s position through Oct. 31, 2025.
Councilor Peel reviewed a narrative and numbers prepared with consultant Jeffrey, noting the city began the year with a cash balance of $105,500,000, had received about $44,350,000 in revenue and spent about…
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