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CFO reports early-year budget status; council adopts FY 2025-26 adjustments
Summary
CFO Jason F. reported first-quarter financials: 27% of operating budget spent year-to-date, projected general fund operating deficit smaller than budgeted, property tax assessed value up 5.7%, and several fund highlights; council adopted Resolution 2025-21 adjusting the fiscal year 2025-26 budget.
Jason F., the city’s chief financial officer, presented the first-quarter financial report and a packet of budget amendments. He said year-to-date the city had spent about 27% of the operating budget and currently projects a smaller operating deficit than the 5% built into the adopted budget (roughly a 2.8% operating deficit current estimate). Health insurance premium increases were lower…
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