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ChatGPTClaudePerplexity· Related development
Gap narrows to $356 thousand as the board discusses a tax plan by 2036
The fiscal 2024 audit showed net position of $136.7 million, down $3.5 million, and Sage reported a $356 thousand deficit of estimated liabilities over assets at March 31, 2025. Under an item on the future need for a property tax rate, the board discussed working with local representatives on the ability to levy a tax with relief for residents over 65, to have a plan in place by 2036.[1][2]
CMMS CPAs & Advisors PLLCSage Advisory Services (Sage Investment Managers)
What the sources say
- ✓ Verified
Sage reported a $356 thousand deficit of estimated liabilities over assets at March 31, 2025, compared with a $3.1 million deficit at January 31, 2023; the Finance Committee had the audit's page 16 revised to show the $356 thousand gap. [1][2]
- Deficit
- $356,000
- ✓ Verified
The board discussed addressing the ability to levy a tax and provide relief to citizens over 65 by working with local representatives to have a plan in place by 2036. No action was recorded. [2]
