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City reports midyear budget shortfall in 'gain'; reserves under pressure
Summary
Finance staff told council the general fund midyear 'gain' fell from $7.9 million to $6.9 million versus last year, days of reserve are approximately 49 (prorated) versus a budgeted 68, and the utility fund shows a smaller midyear loss but debt service pressure remains.
Denison — City finance staff presented a midyear update on the fiscal‑year 2026 budget using data through March 31, reporting revenue timing issues and pressure on reserve levels that council members said will shape the upcoming budget retreat.
Lori Ausselbaugh reviewed key figures: the general fund midyear gain dropped from about $7.9 million last March to about $6.9 million this year; year‑to‑date property tax collections are about $20.0 million (roughly $212,000 more than at the same…
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