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Allentown finance director reports 2025 closeout, explains NIS liability reporting
Summary
Finance Director Patel told the Budget & Finance Committee that the city closed 2025 with several funds near expectations, reported a $4.3 million Neighborhood Improvement Zone (NIS) certification for 2025, and described how the NIS liability is shown as negative amounts under each tax type in monthly reports.
Director Patel presented the committee with final budget-to-actual reports for Dec. 31, 2025 and an updated February 2026 report, outlining how the city is recording Neighborhood Improvement Zone liabilities and the year-end positions for major funds.
"As of Dec. 31, 2025, year-to-date journal fund revenues, net of NIS payments, totaled $247,800,000, while actual revenues were $152,200,000," Director Patel said, and explained that the city certified $4,300,000 in NIS-related amounts for 2025. Patel said the collector Berkheimer had escrowed $11,775,480.51 for the city and remitted payments to the Pennsylvania Department of Revenue as part of the certification process.
Patel described…
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