Large Taxpayer Reserve Fund

At a glance

• What: A new Government Large Taxpayer Reserve Fund (fund 2388) under Senate Bill 117, letting the City reserve an additional 10 percent of revenue from newly taxable property.
• Outcome: Approved 5-0 on August 31, 2026 (moved by Rigby, seconded by Reed).

Detail

• Interim Director McClain said the fund gives flexibility if taxable values change significantly and covers certain Department of Revenue assessment costs. Contribution is 10 percent of newly taxable value, recalculated yearly. Logan asked whether it was required; staff said it is optional but recommended; Gustafson asked about initial funding. The transfer into the fund is part of the added spending in the Fiscal Year 2027 Budget.

Sources

• August 31, 2026 special meeting minutes: https://helenamt.primegov.com/Public/CompiledDocument?meetingTemplateId=639&compileOutputType=1

Log

2026-08-31 - City Commission Special Meeting

Resolution creating the fund passed 5-0.