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Comptroller reports lower August cash balance and projected winter cash shortfall; city cites $5.5M health-care savings from unfilled positions
Summary
Deputy Controller told the Committee on Finance on Oct. 7 that the city ended August 2025 with about $83.2 million in cash—$19 million below the prior year—and projected cash-flow deficits from December 2025 through May 2026 that will include a $31.6 million debt-service payment in December.
The Committee on Finance received two related finance briefings on Oct. 7, 2025: the August 2025 cash-flow report from the Deputy Controller and a July cash-flow / budget follow-up that included details about unfilled positions and related health insurance savings.
Deputy Controller Delaney O'Dowdell told the committee the city began August 2025 with $87,000,774 in cash, received $43,760 during the month and disbursed about $48,358,000, leaving an ending cash balance of roughly $83,176,000. She noted the August 2025 ending balance was about $19 million lower than the August 2024 balance of approximately $102 million.
O'Dowdell provided…
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