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City Manager Presents Revenue Projections as Council Prepares April Budget Hearings
Summary
City Manager Randy presented revenue projections showing an increase in proposed real estate tax revenue from $14.6M to $17.3M and outlined the schedule for budget hearings and ordinance readings, while cautioning that some projected gains rely on only two months of data for a large development.
City Manager Randy delivered the City of Bristol's second budget workshop on March 25, focusing on revenue projections that will underpin the FY2026 proposed budget and the schedule for public hearings and readings.
Randy said the proposed current real estate tax revenue rises from $14,600,000 in the current budget to $17,300,000 in the proposed budget, an increase of about $2.7 million. Other notable revenue changes presented included modest increases in…
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