Finance Committee trims free cash to $500,000
Paxton's Finance Committee began FY27 budget review facing a $690,987 projected deficit. Chair Mark Love and members reviewed a fourth version of the budget workbook, agreeing to count $500,000 of the $511,363 in certified free cash.
Finance Committee · Meeting of February 19, 2026
Paxton's Finance Committee began FY27 budget review facing a $690,987 projected deficit. Chair Mark Love and members reviewed a fourth version of the budget workbook, agreeing to count $500,000 of the $511,363 in certified free cash. The levy limit was corrected to $13,260,000, down about $700,000 from an earlier figure.
Members said the true structural gap is closer to $1.6 million once free cash and $400,000 in ambulance receipts are removed, and one warned "there is literally no chicken on the bone." The committee set weekly Wednesday meetings, with police, fire and DPW to present.
In the full story:
- The Full Story
- Why It Matters
- Key Motions & Votes
- Source
- Paxton's community access TV: Finance Committee meeting, February 19, 2026
- The complete report: 664 words
Source: the Finance Committee meeting of February 19, 2026, reported from the official video recording and transcript.
Checked against the record: before publication this article was automatically compared with the meeting transcript.
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