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Findlay proposes a deficit budget but says city is not currently deficit spending; reserves have increased since 2019
Summary
Mayor Christina Mearn said the administration proposed a deficit budget for 2025 as a planning measure but that departments are managing funds and the city is not currently deficit spending. She said carryforward balances rose from $13 million in 2019 to about $26 million and that reserves and rainy‑day funds have been strengthened.
Mayor Christina Mearn told a Feb. State of the City event that the administration has put forward a deficit budget for 2025 as a planning device but that, to date, the city is not engaging in deficit spending and remains in a strengthened cash position.
Mearn explained that the proposed deficit budget reflects how municipal appropriations and restricted line items work in practice and that departments manage budgets monthly to avoid actual shortfalls. “We are proposing it,…
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