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Mayor reports sizable surplus, names committee to consider capital uses; council proclaims ‘Abby Potter Day’
Summary
Mayor Doug Farnsley reported the city will likely end the fiscal year with a substantial surplus after reserves (mayor estimated approximately $500,000 unreserved), named an ad hoc committee to advise on using surplus funds for capital projects, and council proclaimed July 2025 as Abby Potter Day to honor a volunteer.
Mayor Doug Farnsley told council the city’s finances remain strong and that after required reserves the city has an accumulated unreserved surplus (mayor estimated about $1,900,000 in unreserved surplus after a $1.2M reserve requirement). He said five factors contributed to the surplus — being under budget in police, legal, street maintenance and solid waste, plus higher-than-expected insurance premium tax receipts — and that the city had at times held about $3.1M in cash on…
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