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Taylorsville council approves midyear budget adjustments, taps $5 million in reserves for roads and public safety
Summary
The council unanimously passed Resolution 26-02 on Jan. 21, approving midyear changes to the FY 2025–26 budget that add funding for police pay adjustments, street overlays and other department needs and draw $5,000,000 from fund balance to maintain a 31% reserve.
The Taylorsville City Council on Wednesday approved Resolution 26-02, adopting midyear adjustments to the fiscal year that begins July 1, 2025 and ends June 30, 2026. The motion, made by Meredith and carried by roll call, funds police market adjustments, street maintenance work and several departmental needs.
CFO Scott summarized the changes before the vote, saying the city will add $35,000 in business-license revenue, $20,000 in land-use fees and $200,000 from fixed-asset sales. "We are using fund balance of $5,000,000,"…
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