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Finance staff briefs Stevensville council on budget process, flags revenue uncertainty and potential water pipe costs
Summary
At a March 18 workshop, Stevensville finance staff walked council members through the town's fund accounting, cash position and timeline for the fiscal year, warning that lower state property-tax valuations, a $300,000 TIF reversion and a lead-service-line review could pose budget pressures; workshops will be scheduled ahead of the Oct. 1 adoption deadline.
Stevensville finance staff on Wednesday gave the town council a detailed walkthrough of the municipal budget process, the town's fund structure and notable financial risks as the staff and mayor prepare a budget for adoption by Oct. 1, 2026.
The presentation explained roles and timing: the council has authority to adopt the budget, the mayor prepares and executes it, and finance compiles department submissions and state accounting codes. "The town council ... has sole authority to, by the majority vote, to adopt the budget," finance staff said, and staff urged council members to raise questions early so staff can research answers before public hearings.
Staff highlighted near-term revenue uncertainty tied to state valuation notices and recent policy changes. "We get about $380,000 in taxes, about half of that moving to the…
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