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Council takes first reading of FY2026–27 budget after staff corrects small errors
Summary
Finance staff identified minor corrections to the proposed FY2026–27 budget — including a $400,009.42 miscellaneous receipt adjustment and a principal‑outstanding correction to $1,466,000 — and council moved a first reading of Ordinance 26‑O‑5 to continue the adoption process.
Lewisburg finance staff briefed council on small but material corrections to the proposed fiscal‑year 2026–27 budget before the council took a first reading of Ordinance 26‑O‑5 (the annual budget and tax rate).
'You have a corrected copy that will be the correction that we will be voting on,' Debbie told council and then read the specific changes. She said the estimated FY2026 miscellaneous receipts had been reduced to $400,009.42 because a fee from a note taken in a prior year had not been recorded. That adjustment reduced the total cash receipts in the estimated column. Debbie also said debt service figures were adjusted to reflect a principal payment made during FY2025 and that, after that payment, principal outstanding as of June 30, 2026 was amended to $1,466,000. She noted a property‑tax number typo under Section 6 and that the items reflected only minor changes requested by council.
After the corrections were explained, Councilwoman Thomas moved to approve the first reading of the FY2026–27 budget ordinance and a colleague seconded; the clerk called the roll. The transcript excerpt records the motion to take the first reading but does not print a detailed roll‑call tally in the provided text.
Next steps: finance staff to finalize the corrected budget ordinance for the next reading(s) and publication so the council may complete formal adoption before the fiscal year begins.
