The Syracuse City Council Work Session on September 23, 2025, focused primarily on the budget status for the fiscal year ending June 30, 2025. City officials provided updates on the financial outlook, revealing a significant reduction in the projected budget deficit.

City Finance Director Steve reported that the city initially anticipated a deficit of over one million dollars but is now projected to end the fiscal year with a deficit of approximately $350,000. This marks a reduction of about $744,000 from earlier estimates. The city’s general fund reserve, often referred to as the rainy day fund, is currently at 30.7%, exceeding the statutory requirement of 25%. This healthy reserve is attributed to careful budget management and underspending in various departments, particularly in the fire department, where several positions remained unfilled for part of the year.

The council discussed the implications of these financial figures, noting that while the deficit remains, the city's financial position is stable. The discussion also highlighted the importance of maintaining a fund balance above the minimum threshold of 16.7% to avoid potential conflicts in future budgeting.

In addition to the budget status, the council reviewed a proposal for a budget amendment for the fiscal year ending June 30, 2026. This amendment primarily involves the carryover of capital projects that were not completed within the fiscal year. Notably, the council addressed the removal of a budget item related to a grant that was not received, as well as plans for future expenditures, including the purchase of a dump truck and the construction of a roundabout.

Overall, the meeting underscored the city’s commitment to fiscal responsibility and transparency, with officials expressing confidence in the financial management strategies that have led to a more favorable budget outcome than initially expected. The council plans to continue monitoring the budget closely as they prepare for the upcoming fiscal year.