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Finance director: Hudson ended 2025 with $3.3M excess carryover; council earmarks half for infrastructure
Summary
Finance Director Jeff reported a stronger-than-expected 2025 close: general-fund ending balance $18.5M vs forecast $15.2M (≈$3.3M excess). Council ordinance earmarks 50% of excess fund balance for infrastructure; staff recommended waiting until mid-summer (post-tax filings) before committing projects and proposed a workshop to prioritize uses.
The city’s finance director told the council the 2025 fiscal year closed in better condition than feared after the loss of a large employer and other revenue shocks. Jeff reported income-tax revenue was essentially flat year-over-year (a roughly $19,000 decline, or about 0.1%), and the general fund finished at about $18.5 million versus an…
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