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Committee hears FY26 shortfall tied to Station Hill purchase, readies FY27 kickoff as SAFER grant ends
Summary
Staff told the Budget and Finance Committee that a planned $6,000,000 Station Hill purchase will largely drive a FY26 deficit (to be covered from fund balance), impact fees are being budgeted at zero amid a sewer moratorium, and the SAFER firefighter grant ending next year will leave a roughly $750,000–$1,000,000 annual gap to plan for.
The Budget and Finance Committee received an update on near-term budgetary pressures and the start of FY27 budget preparations.
Miss Holden said the preliminary FY26 projection shows a deficit largely driven by a planned $6,000,000 purchase of Station Hill; staff plans to fund most of the purchase from fund balance. “The purchase of Station Hill was at $6,000,000. We're budgeting for a deficit less than $6,000,000,” she told the committee, adding that the final number will depend on available…
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