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Finance director reports stronger sales‑tax receipts, flags snow‑removal overtime and reserves pressure
Summary
Finance Director Rathburn told the Bloomington City Council that home‑rule sales tax and state sales tax are ahead of budget with home rule roughly $2.8 million above expectations year‑to‑date; he flagged replacement tax timing, a planned use of reserves of $13.6 million and rising snow/ice overtime, and said staff will include projections next month for the FY27 budget process.
Finance Director Rathburn presented the December financial summary, saying the city is eight months into the fiscal year and reporting home‑rule sales tax roughly $2.8 million ahead of budget and state sales tax performing ahead as well. He said replacement tax timing has caused early variance but that recent payments indicate the year may hit the FY26…
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