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Saint Helena staff present $6 million–$10 million structural deficit estimate; council asks finance committee to vet options and prepare for potential ballot
Summary
City staff told the council that, depending on assumptions, the city—s structural gap ranges from about $6 million to $10 million annually; council asked the finance committee to review figures, and staff to prepare options in case a ballot measure is needed.
City staff told the Saint Helena City Council on March 11 that the city faces a structural fiscal gap that, depending on assumptions and whether capital and potential VLF impacts are included, ranges from roughly $6 million to $10 million per year.
City Manager Camillo and administrative staff presented a multi-part analysis: base staffing costs (about $17 million), the cost to add 4.5 positions (roughly $685,000), bringing compensation to market-median levels (additional staffing adjustments of roughly $700,000), capital asset replacement needs (roughly $1 million) and allowances for long-term liabilities (about $500,000). Staff combined those items with the city—s current operating deficit figure of $3.2 million and estimated a base structural…
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