Council debates revenue assumptions after discussion of $9.5 million still invested

Council members scrutinized revenue assumptions used in the draft budget, including how invested balances and assumed rates feed into the tax-rate calculation.

"There was a $9,500,000 that is still invested," a council member said while asking whether the calculations were using a conservative certified rate or a higher, riskier assumption. (Council member, S2)

Speakers said the choice between a conservative rate and a higher projected return could change the citys revenue outlook by tens of thousands of dollars; one council member used the example to argue for more conservative forecasting until final figures are confirmed. No formal change to the assumptions was adopted at the workshop; council members said staff would continue reconciling the numbers and bring amended figures forward as needed.