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South Lake Tahoe finance director outlines stable reserves but warns of future pressure
Summary
Finance Director Olga Chamereva told the council the city closed FY2025 with stronger-than-expected reserves and proposed midyear allocations totaling roughly $4.1M; long-term projections show modest deficits beginning FY2027 without continued use of ballot measures and close budget management.
Finance Director Olga Chamereva presented the fiscal year 2025–26 midyear budget review and a five‑year financial plan at the council meeting.
Chamereva said the city ended FY2025 with about $6.6 million in undesignated excess reserves and approximately $5.5 million available after accounting for carry‑forwards and previously approved uses. Staff…
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