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Council hears 2025 budget results; library grant prospects hinge on LEED cost
Summary
Finance staff reported 2025 revenues exceeded projections by about 7% (roughly $1.6M) and reserves will increase by $988,000; city cautioned that a state Department of Commerce grant requires LEED certification, which could add about $1M to the library project cost.
Council received a detailed review of the city's 2025 finances and a library update during the March 25 meeting.
The finance director reported that 2025 revenue collections ended the year about 7% over projections, "or $1,600,000," and that expenditures were roughly 2% under budget. Because of the results, the city will add $988,000 to reserves rather than the $1,160,000 originally budgeted. The director said the revenue increase was driven…
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