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Budget committee warned of structural revenue shortfall and rising overtime; CFO to amend sewer bond payment
Summary
City finance staff told the Budget Committee that revenues lag plan and that overtime is running high; members urged immediate expense controls and asked for follow‑up on a proposed fiscal amendment to cover a June bond interest payment.
City finance officials told the Budget Committee on May 6 that fiscal‑year 2025 revenues are running behind projections in several categories while year‑to‑date expenditures remain high, and they warned that continuing the current pace could leave a material shortfall at year end.
CFO Walter Person and Deputy CFO Andre Walker presented the city’s third‑quarter operating report and a pair of debt updates. The committee also considered a resolution to amend the sanitary sewage system budget to fund an interest payment due June 1 on recently issued revenue bonds; the committee voted to send that resolution to the council with a favorable recommendation for…
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