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Mount Vernon council approves final FY2026 transfers to cover TIF payments and deficits
Summary
The Mount Vernon City Council on June 15 approved Resolution #6-15-2026A, authorizing final fiscal-year transfers that identify TIF payments to developers, move benefit monies to the General Fund and address deficit accounts. The vote was unanimous among members present.
The Mount Vernon City Council approved Resolution #6-15-2026A on June 15, 2026, authorizing the city's final fiscal-year transfers for FY2026. The resolution identifies tax-increment financing (TIF) payments to developers, the movement of employee benefit monies into the General Fund and adjustments for deficit accounts.
The transfer resolution was moved by Council member Tuerler and seconded by Council member Rose. A roll-call vote was recorded as all yes among members present; Council members Engel and Andresen were absent. The resolution was entered as approved.
Council did not provide a total dollar amount for the transfers in the meeting minutes; the resolution was described as the final transfer action for FY2026 and is intended to settle year-end obligations and developer TIF payments. The city clerk's packet posted with the June 15 agenda contains the full supporting documents and accounting detail.
