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Topeka reports stronger-than-expected 2025 revenues, warns reserves will be used to balance 2026 budget
Summary
Deputy finance director Josh McEnany told the Topeka governing body that sales tax and delinquent collections exceeded estimates in 2025, but the city drew down about $4 million in reserves and plans to use up to $7.3 million more in 2026 to balance the budget.
Deputy Finance Director Josh McEnany told the Topeka governing body on March 17 that the city’s preliminary 2025 financial results came in better than expected but relied on reserves.
McEnany said sales tax, delinquent tax collections and some franchise fees exceeded what the city budgeted when it adopted the 2025 budget. “The main takeaway is we ended the year better than we expected,” he said, noting one-time transfers and capitalized interest also boosted the general fund.
On reserves, McEnany said the city entered 2024 with roughly $37,000,000 in the…
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