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Upper Arlington reports $5 million positive variance; council weighs bond sizing and police/fire pension levy
Summary
Finance staff reported roughly a $5 million positive variance in the December 2025 report and proposed using the funds to reduce planned 2026–27 bond issuance; council discussed implications for the upcoming five‑year police and fire pension levy and whether to use reserves to lower property taxes or preserve long‑term cash flow.
The city’s finance team told Upper Arlington City Council on Feb. 2 that income tax receipts were up about 3–4% year‑over‑year and that the city recorded roughly a $5 million positive variance relative to projections.
Director Lewis said the surplus offers an opportunity to reduce the amount the city hopes to borrow for upcoming capital improvement projects,…
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