How are City services being affected by the pandemic and the loss in revenues?
With revenues down significantly, the adopted budget is balanced through a combination of spending reductions and use of financial reserves or “rainy day funds”. At $19.3M, the FY 20-21 adopted budget for General Fund expenditures is about $2M below the amount forecasted for “status quo operations”, and $1.1M below the pre-pandemic budget for FY 19-20. … Continued