Ridgway will pull from reserves to cover expenses in 2027

The town of Ridgway will continue to draw down its general fund reserves to cover expenses in 2027, even as town leaders plan to discuss more budget cuts later this month. During a budget retreat on Halloween, Town Manager Preston Neill alerted the town council to a trend of expenditures exceeding revenues in the town’s adopted budgets since 2020. That will continue in 2027, as next year’s draft general fund budget will draw $1.36 million from reserves to end 2027 with a $2.65 million fund balance. The numbers are not as bad as they look, however, since actual revenues this year have generally been higher than budgeted and actual expenditures have been lower. In 2025, for example, revenues were budgeted at $3.52 million and expenditures were budgeted at $4.91 million, but the revenues and expenditures were both nearly $4 million. From an accounting perspective, Neill said he wants to budget closer to actual amounts.

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