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Redmond first-quarter financial report shows modest projected general-fund deficit, large capital program ahead
Summary
Deputy City Manager/CFO Jason Neff told council the city had spent 25% of its operating budget through Q1 and projects a roughly $150,000 operating deficit for the year while highlighting ~$360M in near-term major projects and planned debt issuance for airport-related work.
Deputy City Manager and Chief Financial Officer Jason Neff presented the city’s first-quarter financial report, telling the council that overall operations are tracking near expectations but that several large capital projects are driving the multi-year budget outlook.
Neff said the city had spent about 25% of its operating budget through…
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