FY 2024-2025 Final Adopted Budget

CITY MANAGER'S BUDGET MESSAGE

+RQRUDEOH 0D\RU &LW\ &RXQFLO 0HPEHUV DQG &RPPXQLW\ 0HPEHUV

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¶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

Made with FlippingBook - professional solution for displaying marketing and sales documents online