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Finance committee reviews PFM contract to update Williamsport five-year financial plan; state to cover 90%
Summary
Councilwoman Liz Meeley and members of the Williamsport City Council finance committee on Feb. 25 reviewed a resolution authorizing a professional services agreement between the City of Williamsport and PFM Group Consulting, LLC to produce an updated five-year financial strategic plan (STAMP).
Councilwoman Liz Meeley and members of the Williamsport City Council finance committee on Feb. 25 reviewed a resolution authorizing a professional services agreement between the City of Williamsport and PFM Group Consulting, LLC to produce an updated five-year financial strategic plan (STAMP). The committee heard that the Pennsylvania Department of Community and Economic Development (DCED) will cover 90% of the contract, leaving the city to pay about $12,000.
Why it matters: the STAMP update would re-evaluate priorities the city set in its prior five-year plan and could add projects that make the city eligible for state funding. The previous plan, produced with state support, funded the city’s HR, payroll and financial software upgrades; council members said they want the new…
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