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Riverview budget review flags CIP shortfalls, $32M contested valuation and possible millage needs
Summary
City staff presented a balanced 2026–27 operating budget that relies on contingent revenue while warning the city has no built-in capital-improvement funding and may need future millages after a $3.5M annual landfill royalty ended and a $32M taxable valuation is contested.
Riverview held a budget review session focused on the proposed 2026–27 annual budget, and staff warned that while the operating budget is balanced under current tax rates, the city has deferred most capital improvements because of revenue uncertainty.
Ann, the finance director, told council the city’s taxable value for 2026 shows a large increase driven by “about a $32 million” valuation tied to an energy system that is now being contested in the tax tribunal. “We don’t want to pretend that money’s there,” Ann said, explaining the…
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