State law requires quarterly financial reports. In June 2025, the Troy City Council got one for the first time in 18 months. The report covered Q1 2025. The gap ran from early 2024 through mid-2025, during which the city spent more than $260,000 on outside accounting firms to keep the books.
The report itself was not reassuring. By the end of the first quarter, the city had already burned through more than 40% of its annual staff overtime budget.
Sources: WAMC, WAMC May 2024