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Smithville finance staff presents 2025 budget update; board signals support for 10% director and 8% frontline raises
Summary
Finance Director Walker presented revisions to 2025 revenues and expenditures, citing stronger September sales tax and lower-than-expected health premium increases; the board signaled a preference for a 10% director / 8% frontline compensation scenario as staff guidance for the budget.
Walker, the city’s finance director, presented the 2025 operating budget and five-year capital improvement program to the Board of Aldermen and said staff had an extra month of financials to refine revenue and expense estimates. He told the board that September sales tax came in stronger than earlier in the year and that updated health-insurance premium information showed projected increases below what had been budgeted.
"Sales tax had started to slow down. September came in pretty strong, so we're able to revise that revenue for '25," Walker said. Walker said that change…
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