Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Municipal Finance topic
No spam. Unsubscribe anytime.
City treasurer says general fund revenues are near 50% after first property-tax installment
Summary
City Treasurer Amy Gordon reported Lewiston’s March 31 financials: general fund revenues are about 50% of the fiscal-year target after the first property-tax payment; she highlighted why some funds exceed or trail 50% (library ~65%; transportation lower) and noted market volatility in invested funds such as the police retirement account.
Amy Gordon, city treasurer, presented the March 31, 2026 financial report (Idaho Code 50-208), telling council that property-tax receipts after the first installment have pushed the general fund to roughly the halfway point for the fiscal year.
Gordon explained the general fund’s structure: some departments (for example, library) rely more heavily on property taxes and therefore show higher percentages of their annual revenues (she noted library at about 65%), while other funds such as transportation receive revenues throughout the year and can appear below 50% at this point. She said the figures on the quarterly report reflect allocations and deposits, not necessarily amounts already spent.
On invested/perpetual funds, Gordon said market performance can produce month-to-month variance. She noted the police retirement fund’s target for being considered fully funded is about $13 million and said March was a rough month for that fund, though it still carried revenue year to date.
Councilors had no extended questions beyond clarifying what the percentages represent; Gordon said this material will factor into upcoming FY27 budget discussions.
