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Finance director gives first-quarter Riverside Village update; 2-mill increase cited as funding source for raises and positions
Summary
Finance Director Linda Williamson presented a voluntary first-quarter Riverside Village financial report uploaded to EMMA, described a 2-mill tax increase approved last November that funded a 3% COLA and seven new positions, outlined 2026 budget changes (about +4%), and reported higher hospitality and accommodations tax collections (unaudited); midyear assessments were zeroed this year.
At the study session, Finance Director Linda Williamson presented the city’s voluntary first-quarter financial update for the Riverside Village project and broader municipal revenue statistics; the report will be uploaded to the municipal EMMA site.
Williamson told council that a 2-mill tax increase approved by council in November financed a 3% cost-of-living increase for employees, seven new citywide positions, and capital vehicle…
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