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Council hears five-year forecast showing projected deficits; members weigh reserves, property-tax shifts
Summary
Boulder City's finance director presented a five-year general-fund forecast projecting a narrow deficit starting in 2026; council discussed reserves, transfers to CIP, property-tax mechanics and potential policy choices to close gaps.
Boulder City’s finance director presented a five-year general-fund forecast that projects expenses outpacing revenues in the near term unless the council either increases recurring revenue or trims ongoing expenses.
“Expenses are projecting to be greater than the incoming revenues, and that to continue into the future,” Finance Director Cynthia Snead told the council while walking through revenue and expense assumptions and a set $1.5 million annual transfer to the capital-improvement program (CIP).
Snead said staff used conservative revenue assumptions, a 3%…
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