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Clear Lake council approves midyear budget adjustments, citing conservative revenue forecasts
Summary
Councilors approved a midyear amendment to the fiscal-year 2025–26 budget after a staff presentation that flagged higher-than-expected state revenue but warned of multiyear deficits; the resolution passed unanimously.
Clear Lake — The City Council unanimously approved a midyear amendment to the fiscal-year 2025–26 budget after a staff presentation that recommended modest revenue increases and targeted expense adjustments.
Philip Samuels, introduced as the city’s finance manager, outlined statewide economic developments and local revenue projections, saying the governor’s office revised state revenue forecasts upward while also projecting multiyear deficits for fiscal years…
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