Stabilize City Financials

  • Balanced budgeting and long-term financial strategy is a critical function for any city council. Even more so due to the impact of Covid-19, these next two years will require an even greater need for fiscal responsibility.
  • These past few months have been challenging times for all our residents including our business community and has specifically impacted this year’s City budget now and in the future. The city is currently estimating a reduction in budgeted revenue of $6 Million for FY 2021 (06/20 – 06/21).
  • Moving forward, the City must find the correct combination of: cost reductions, increases in revenue, and short-term leverage of the existing city balance sheet. It is critical to have a collaborative City Council that can work together to balance the budget without service level disruption to the residents.