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Hot Springs budget workshop: staff projects $125,275 general-fund shortfall for 2026
Summary
City finance staff told the Hot Springs City Council that current 2026 revenue and expenditure projections leave a $125,275 gap in the general fund. Council reviewed major funds and revenue lines, discussed expenditure pressures such as insurance and personnel costs, and deferred some contested allocations to the next meeting.
Misty, the city’s budget presenter, told the Hot Springs City Council the city is projecting a $125,275 shortfall in the general fund for 2026 and urged council to pursue a “structurally balanced budget” so the city doesn’t rely on savings. "In the general fund, we're projecting a loss of a $125,275," Misty said as she walked council through revenue worksheets and Banyan printouts.
The revenue review covered the city's largest sources — property taxes and municipal sales and use taxes — and a variety of smaller lines, from licensing and building permits to airport fuel sales. Misty estimated current-year general property taxes at $1,418,450 (historical collection rate 96–98%) and projected moderate annual sales-tax growth…
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