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Meriden finance director reports preliminary fiscal surplus and stable rating ahead of FY2026 budget
Summary
Finance Director reported a preliminary, unaudited favorable first‑quarter result driven by strong investment income (~$3.3M) and an estimated $4.5M favorable revenue variance; he noted expense pressures, especially fire overtime, and outlined the proposed FY2026 budget and capital plan.
Finance Director Kevin gave the Finance Committee an unaudited, preliminary update Oct. 9 showing Meriden on track for a sixth consecutive year of budget surplus.
Kevin said investment income was strong, reporting roughly $3.3 million compared with a $1 million budget assumption, and projected general fund revenues to be favorable by about $4.5 million on a…
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