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Leon Valley manager details FY2025 results and capital‑reserve plan; residents spar over reserves and July 4 cancellation
Summary
City Manager presented FY2025 financial results and a 10‑year capital plan showing multi‑million dollar reserves; residents questioned holding $7.2M in reserves while cancelling a full July 4 event and after a recent tax rate increase. The council agreed to consider the issue at its Feb. 17 meeting.
City Manager Dr. Caldera presented a comprehensive review of Leon Valley’s FY2025 finances and a multi‑year capital plan at the town hall, explaining how the city budgets operating needs, maintains restricted funds, and grows its capital reserves for emergencies and large projects.
The manager framed the municipal budget as similar to a household plan: operating revenues (from sales and ad valorem taxes) pay daily services while capital reserves fund long‑term infrastructure. She reported operating revenues of roughly $14.7 million and total operating expenditures of about $17.8 million, and said the FY2025 operating budget is balanced and that the city closed the year with unspent funds that increased the reserve balance.
“You have a balanced budget,” the manager…
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