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City finance outlines budget pressures: pension, health costs and SAFER grant uncertainty
Summary
Finance staff said rising pension rates, health-insurance costs and an uncertain federal SAFER grant for firefighters are central pressures on next year’s budget; council members asked follow-up questions about assumptions and timelines.
St. Cloud — City finance staff presented a budget update that identified several structural pressures going into next year’s budget, including rising pension contribution rates, increasing health-benefit costs, lower sales-tax receipts and a pending SAFER grant for firefighters.
Deputy Finance Director Mark Mula told the council the city’s unassigned fund balance has been reduced substantially from prior levels and staff are seeking to stabilize it. He said sales-tax receipts were down about 5% year-over-year (roughly $700,000) and that revenues…
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