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City finance advisor warns Oroville reserves will be exhausted in 4–5 years without action
Summary
The council received a fiscal sustainability presentation showing the city’s total reserves at about $19 million and a projected multi‑year structural operating deficit driven by slow revenue growth and rising costs, including a CalPERS unfunded liability.
The city’s municipal finance adviser told councilors the City of Oroville has built sizable reserves but faces a looming operating shortfall that could deplete those reserves within four to five years if no corrective action is taken.
Eric Scriven of the city’s municipal advisor firm told the council that the city’s general fund policy reserve is about $9 million (roughly 30% of policy target) and total assigned and unassigned reserves were estimated at…
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