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Chester finance committee: city on track for near break-even as delinquent tax reporting improves
Summary
The City of Chester Budget & Finance Committee heard a financial update Oct. 20 showing generally positive performance, new reporting on delinquent tax balances and a $3M+ reserve tied to ongoing debt litigation; staff set a timeline for the 2026 budget.
The City of Chester Budget & Finance Committee heard Oct. 20 that overall performance for 2025 remains largely consistent with prior months and staff expect the year to close near break-even.
Finance presenter Mr. Trautman said the city has 'sufficient cash' and introduced a new line in the financials to track delinquent tax and rubbish balances. He told the committee August collections were 'approximately a quarter million dollars' and that more reliable…
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