City Council discusses future revenue sources including cannabis and billboard projects

Westminster City Council is gearing up for a critical discussion on potential revenue sources as budget concerns loom large. During a recent study session, council members highlighted the urgency of finding immediate financial solutions to offset projected deficits over the next five years.

Key among the proposed revenue streams is the cannabis program, which officials believe could provide a quicker influx of funds compared to other projects like the Westminster Mall and billboard initiatives. Council members expressed frustration over the lengthy timelines associated with these larger projects, suggesting that they may take years before any revenue is realized. “Time is not on our side,” one council member noted, emphasizing the need for swift action to stabilize the city’s finances.

The council is set to revisit these discussions in June, where they will review a list of potential revenue sources, including the cannabis initiative. Officials are optimistic that any additional revenue will help mitigate the city’s financial challenges. However, they acknowledged that many of these projections remain conservative and uncertain, as they depend on various factors including market viability and project timelines.

In addition to revenue generation, the council is also grappling with staffing shortages that are impacting city services. Vacancies in key departments, particularly community development and code enforcement, are hindering the city’s ability to process applications and generate revenue. “We need to do better on that,” a council member stated, highlighting the critical link between staffing and financial health.

As the council prepares for its next meeting, the focus will remain on balancing immediate financial needs with long-term development strategies, ensuring Westminster can navigate its fiscal challenges effectively.