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Thornton presents preliminary 2025 financial results; PFAS receipts and sales-tax shortfall highlighted
Summary
Finance staff reported preliminary 2025 results: general government revenues were modestly above budget after timing adjustments; the water fund reflected timing and connection-fee shifts and the city reported $9.9M in PFAS litigation receipts (with an additional ~$6M expected). Staff noted sales tax came in about $3.3M below budget and outlined next steps including audit close and updated 2027 projections.
Thornton’s finance and budget teams presented preliminary year-end results for 2025 at the council meeting and flagged key items that will shape the 2027 budget outlook.
Finance Director Kim Neuhart said general government revenues finished about $11.2 million over the original 2025 budget but that most of that variance stems from timing and revenue-recognition shifts. “After adjustments, we’re off approximately $2.3 million, or about 1%,” Neuhart said.
The water fund finished notably over its original budget percentage-wise, a result the city attributed to timing of a large debt issuance that was pushed into 2026, earlier collection of connection fees (about $11 million more…
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