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Council reviews first round of 2025–26 budget amendments, narrows projected deficit
Summary
Finance Director Tom Meldridge presented amendments that increase recognized revenue by about $792,000 and expenditures by about $742,000, reducing a previously approved $197,000 deficit to a $147,000 deficit; major revenue drivers include elevated building-permit income tied to local manufacturing and distribution projects.
Finance Director Tom Meldridge presented the first round of general-fund budget amendments at the Feb. 23 council meeting.
"Tonight we are bringing budget amendments to you for the general fund... These amendments will replace the previously approved $197,000 deficit budget, with a smaller $147,000 deficit budget," Meldridge said, explaining that…
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