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Council approves $15,000 transfer, budget amendment and 2026–27 budget; sets tax rate
Summary
Cleveland Town Council approved a $15,000 transfer from the enterprise fund to the general fund, authorized staff to amend the 2025–2026 budget, approved a proposed tax rate of 0.00469 (total revenue $13,752) and adopted the 2026–2027 budget.
The Cleveland Town Council on June 11 approved multiple fiscal actions: a $15,000 transfer from the enterprise fund to the general fund, authorization for staff to amend and balance the 2025–2026 budget, approval of a proposed tax rate of 0.00469 (total revenue $13,752), and formal adoption of the town’s 2026–2027 budget.
Chair introduced the $15,000 transfer, which was moved by Committee member (S3) and seconded by Committee member (S4); council carried the motion by roll call. Committee member (S5) moved to authorize Heather to amend the 2025–2026 budget; that motion passed. Committee member (S3) moved to approve the proposed tax rate and associated total revenue; Committee member (S5) seconded and the council approved the rate by roll call. The council then adopted the 2026–2027 budget after a motion by S5 and second by S4.
Why it matters: These decisions finalize the town’s near-term fiscal posture, moving internal funds to cover current needs, giving staff flexibility to balance accounts, and setting the local property tax rate and expected revenue for the coming year.
Next steps: Staff was authorized to process amendments and complete required paperwork; the council will proceed with implementation and financial processing before the fiscal-month close.
