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Midyear report: Rancho Cordova projects balanced budget as property-tax revenue jumps
Summary
Chief Financial Officer Kim Georgio told the council the fiscal 2025–26 midyear review shows the general fund performing in line with the adopted budget, with property-tax assessed value up about 9–9.5% (roughly half due to transfers of ownership) even as sales tax slowed and single-family production permits fell about 50%.
Kim Drea Cara Georgio, the city’s chief financial officer, gave the midyear financial report for fiscal year 2025–26 and said overall revenues and expenditures are tracking with the adopted two-year budget even as some growth indicators slow.
Georgio highlighted a notable property-tax increase: Rancho Cordova’s assessed value rose about 9.5%—a rise she said is materially higher than nearby jurisdictions. She attributed…
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