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Lorain council hears finance subcommittee warning of $2.4 million general-fund shortfall in 2026 temporary budget
Summary
Council heard a finance subcommittee presentation on the proposed 2026 temporary budget showing a $2.39 million shortfall in the general fund and a total projected deficit of about $10.16 million across funds; members pressed administration on revenue assumptions, longevity pay and the high share of the budget consumed by safety forces.
The Lorain City Council on Dec. 1 reviewed a proposed temporary budget for fiscal 2026 that projects a $2,390,000 shortfall in the general fund and an overall deficit of roughly $10,160,000 across all funds.
An unidentified finance presenter opened the finance subcommittee meeting and said revenue was estimated at $40,000,897 while expenses were projected at $43,000,002.90, leaving a $2,390,000 gap; other funds, the presenter said, account for about $7,770,000 in deficit. The presenter said the full revenue estimates had been emailed to council members earlier.
The auditor, appearing…
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