What is the City’s Budget and Fiscal Condition?

September 9, 2024

The projected budget for 2024-25 calls for approximately $15 million in expenditures. As of adoption of the current year fiscal budget, the City faced a forecasted deficit of approximately $700,000. Spending at this level requires continued reductions in services.

Absent changes to further reduce costs and/or bring additional revenue into the City, that deficit is projected to grow to over $2 million annually over the next several years, impacting the City’s ability to maintain services and meet its financial obligations.The City’s full budget, as well as prior year budgets, can be found online here.