What Steps Is The City Taking to Address its Structural Deficit?

September 9, 2024

The City’s current budget utilizes reserves and relies, as in prior years, on one-time increased revenues such as building permit fees, and cost-saving measures. Addressing the City’s overall financial challenges requires multiple strategies. Among these are the potential to create an Enhanced Infrastructure Financing District, negotiating the Library Lease, updating Building Fees, pursuing grants and other revenue opportunities. A detailed overview of these steps was discussed at the September 3, 2024 City Council meeting.