Financial director: Trenton no longer projects $200,000 general‑fund deficit at midyear

Financial Director Masysklis presented a midyear budget update to the Trenton City Council on July 23, saying the city no longer expects the roughly $200,000 general‑fund deficit it projected in December. "At this time, halfway through 2026, I'm pleased to say we are no longer projecting that deficit to occur," he said, citing a shift of investment revenues back to the general fund and lower year‑to‑date spending driven in part by vacancies.

Masysklis reported the city has received about 62% of expected general‑fund revenues and spent about 51% of the budget year‑to‑date. He pointed to several capital and reserve movements: the water system reserve has spent $2,800,000 so far this year largely for water tower construction (with OWDA loan reimbursements pending); the transcript cited an original water tower revenue estimate of $8,863,300 and a $2,500,000 water tax contribution that helped produce a reported cash balance of $3,155,125 in the water fund. Masysklis also said the city has not tapped its rainy‑day funds for the general or water funds in recent years.

Masysklis flagged that the city continues to subsidize police and fire levies from the general fund. He noted that some funds, such as debt service, show 50% because of payment timing, while summer water billing timing and lower annual water production (about 28,000,000 gallons less year‑to‑date than 2025) explain other variances. The council did not take any immediate action; Masysklis said he will return with regular updates.