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Council reviews budget amendment showing slight net decrease for FY2025–26
Summary
City finance staff presented a first reading of a FY2025–26 budget amendment showing a roughly $112,000 net decrease (revenue down ~$180,000; expenses down ~$68,000), with revenue shifts driven by taxes, grants and restaurant tax increases and declines in water/sewer revenues offset by reduced reserve transfers.
City finance staff presented a first reading of an ordinance amending the city’s annual budget for the fiscal year beginning July 1, 2025 and ending June 30, 2026. Diana Phillips summarized the amendment and the rationale for adjustments.
Phillips said citywide budgeted revenues decreased by roughly $180,000 while expenses were reduced by about $68,000, producing an overall net decrease of approximately $112,000. She attributed revenue increases to stronger tax collections, public-safety service fees, recreational activities, rental income, reserve management and successful grant awards. Those increases were partially offset by declines in water and sewer revenues; administration reduced budgeted transfers from reserves and used grant funding to offset needs in several departments.
Phillips stressed that, notwithstanding several adjustments, the amendment represented a modest change to the overall budget and reflected continued emphasis on fiscal stewardship, infrastructure investment and public-safety funding. She invited council members to review the exhibits and speak with staff for details.
No final action was taken at this meeting because the item was introduced as a first reading; council members may ask questions or request follow-up before a future vote.
