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Mount Vernon City projects $6 million shortfall as costs outpace capped revenue
Summary
Doug Voleski, Mount Vernon—s director of finance, said the city faces a projected $6,000,000 shortfall this year as inflation-driven costs rise faster than revenue streams that are constrained by law and policy; reserves are at policy minimums.
Doug Voleski, the City of Mount Vernon—s director of finance, said the city faces a projected $6,000,000 shortfall this year because the costs of providing services are rising faster than the city—s revenues.
"The City is expecting a projected $6,000,000 shortfall because the cost providing services, things like labor, insurance premiums, maintenance, supplies, and equipment are rising faster than our revenue," Voleski said in a brief recorded statement. He listed the…
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